2022 was a interesting year for most people especially in the technology scene. A lot of billionaires lost fortunes in the uncertain times of 2022. Though the world’s billionaires lost nearly $2 trillion, combined, in 2022, we want to focus on the tech world where the top five losers lost an estimated $378 billion in 2022.
Here are the 5 tech billionaires that lost $378 billion in 2022
Elon Musk – $125 billion
Billionaire Elon Musk is the first person ever to lose more than $100 billion in a single calendar year. This is a world record. Here is a man that was worth $320 billion at his peak in November 2021. Musk ended 2022 worth an estimated $147 billion having lost a lot after shares of Tesla fell by 65%–almost all of that since Musk announced his $44 billion Twitter takeover in mid-April 2022.
Even though the South African born head huncho at Tesla, Twitter lost his spot as the richest person in the world in 2022 losing to LVMH chairman and CEO Bernard Arnault, he’s still the wealthiest person in the United States.
Jezz Bezos – $85 billion
According to Forbes, Amazon’s Jeff Bezos is said to have lost $85 billion in 2022. Amazon shares fell by 50%—17 percentage points worse than the tech-heavy Nasdaq. Forbes Real Time Billionaires ranked Bezos as the fourth richest man in the world at the end of 2022 with a net worth of $109.2 billion. However Bezos ranked fifth on the Bloomberg Billionaires Index with a net worth of $108 billion.
Mark Zuckerberg – $77 billion
Mark Zuckerberg, founder of Meta Platforms’ (formerly Facebook) dropped an estimated $77 billion, as shares of his social media company tumbled by 64% in 2022. He slipped out the top ten richest people in America in September 2022 for the first time since 2015. He first became a billionaire in 2008, just four years after founding Facebook.
Larry Page ($46 billion) and Sergey Brin ($45 billion)
The fortunes of Google cofounders, Larry Page and Sergey Brin, each dropped by nearly $45 billion each, as shares of the company now known as Alphabet sank by 39%. Alphabet failed to meet earnings expectations, bringing in a third quarter revenue of $69 billion, up 6% from last year but lower than analyst estimates of $70.9 billion.
