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30th May 2022

Elon Musk, Jeff Bezos and Bill Gates have lost over $115 billion in a few months

Danny Jones

Elon Musk, Jeff Bezos and Bill Gates

Once again for those at the back: fetch me the tiniest of violins

Three of the world’s wealthiest men, Elon Musk, Jeff Bezos, and Bill Gates have reportedly lost $115 billion between them in the past few months.

According to Bloomberg‘s Billionaire Index, the US-based billionaires have suffered significant losses over the last five months – the equivalent of just over £91bn in British sterling.

Musk‘s net worth, according to Bloomberg, has plummeted $46.4bn, Bezos is down an even larger sum of $53.2 bn and Gates has seen a slightly less sizeable $15.1bn chunk shaved off his nest egg.

As of Friday, Musk’s worth is now estimated at $224bn, a loss of approximately 18.27 per cent; Bezos $139bn (27.71 per cent decrease) and Gates $123bn – a drop of just under 10 per cent.

While the Tesla and SpaceX owner was previously estimated to be worth more than Gates and fellow tycoon Warren Buffet combined, these heavily fluctuating numbers make it hard to determine whether comparisons like this are still the case.

In fact, the South African entrepreneur and impending Twitter owner – who still remains the richest individual in the world – is no stranger to sudden and significant losses or gains, for that matter as his messy social media takeover, previous indirect manipulation of the Bitcoin prices and his SNL appearance has caused his net worth to yo-yo.

Despite the losses, the trio is still among several billionaires said to have actually made money amid covid – in fact, they were among the 43 solely US-based billionaires to have earned $1.3 trillion during the pandemic.

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