Elon Musk, Jeff Bezos, and the 6 other richest Americans have suffered a nearly $400 billion wealth wipeout this year

Dec 28 2022 by Business Insider

 
Elon Musk and Jeff Bezos.

John Locher/AP and Odd Andersen/AFP via Getty Images

The eight richest Americans have seen close to $400 billion erased from their fortunes this year. Elon Musk's net worth has shrunk by $140 billion, while Jeff Bezos' wealth has slid by $86 billion. Tech stocks have plunged due to historic inflation, rising interest rates, and a looming recession.

The eight wealthiest Americans have seen nearly $400 billion wiped off their combined fortunes this year, as historic...

Continue Reading Elon Musk, Jeff Bezos, and the 6 other richest Americans have suffered a nearly $400 billion wealth wipeout this year