15 billionaires who have seen their net worth drop the most this year

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Oct 29, 2022 #billionaires, #their, #worth

15 billionaires who have seen their net worth drop the most this year

<p>Meta CEO Mark Zuckerberg.</p> <p class="copyright">Alex Wong/Getty Images; Rachel Mendelson/Insider</p> <p>The world's 10 richest people have collectively lost almost a quarter of a trillion dollars year-to-date.<br /> Tech CEOs investing in the metaverse and cryptocurrency are ranked as the biggest losers. <br /> These are the billionaires who have seen their net worth drop the most, per the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>. </p> <div> <div class="slide">1. Meta CEO Mark Zuckerberg: -$87.3 billionMeta CEO Mark Zuckerberg. <p class="copyright">AP Photo/Mark Lennihan</p> <p><em>Read more: <a href="https://www.businessinsider.com/facebook-doubles-down-on-metaverse-spending-despite-calls-cut-costs-2022-10">Facebook warns its Reality Labs metaverse business will lose even more money in 2023</a></em></p> </div> <div class="slide">2. Binance CEO Changpeng Zhao: -$72.6 billion <p class="copyright">Antonio Masiello/Getty Images</p> <p><em>Read more: <a href="https://markets.businessinsider.com/news/currencies/crypto-exchange-binance-chief-says-poor-again-after-luna-crash-2022-5">Billionaire founder of crypto exchange Binance says he's 'poor again' after its luna holdings crash</a> </em></p> </div> <div class="slide">3. Tesla CEO Elon Musk: -$66.4 billionElon Musk. <p class="copyright">Adrees Latif/Reuters</p> <p><em>Read more: <a href="https://www.businessinsider.com/elon-musk-8-billion-dollars-poorer-taking-over-twitter-2022-10">Elon Musk is $8 billion poorer after taking control of Twitter</a></em></p> </div> <div class="slide">4. Amazon founder Jeff Bezos: -$65.7 billion <p class="copyright">Anadolu Agency / Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/jeff-bezos-net-worth-life-spending-amazon-founder-billion-wealth">How Amazon founder Jeff Bezos spends his fortune</a></em></p> </div> <div class="slide">5. Google co-founder Larry Page: -$39.2 billionLarry Page, Google co-founder and CEO speaks during the opening keynote at the Google I/O developers conference on May 15, 2013 in San Francisco. <p class="copyright">Justin Sullivan/Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/larry-page-kitty-hawk-flying-car-shutting-down-2022-9">Kitty Hawk, the flying-car company backed by Google cofounder Larry Page, is winding down</a></em></p> </div> <div class="slide">6. CEO of LVMH Bernard Arnault: -$38.2 billion <p class="copyright">CHRISTOPHE ARCHAMBAULT/AFP via Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/who-is-bernard-arnault-richest-person-in-europe-lvmh-life-photos-2019-1">The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton</a></em></p> </div> <div class="slide">7. Google co-founder Sergey Brin: -$38.1 billion <p class="copyright">Evan Agostini/Invision/AP</p> <p><em>Read more: <a href="https://www.businessinsider.com/sergey-brin-google-alphabet-life-photos-2016-12">Inside the wild and successful life of Sergey Brin, who helped create Google over 20 years ago</a></em></p> </div> <div class="slide">8. Philanthropist MacKenzie Scott: -$31.7 billionMacKenzie Scott owns a 4% stake in Amazon and has donated more than $8.6 billion to various charities since splitting with her ex-husband Jeff Bezos. <p class="copyright">Evan Agostini/Associated Press</p> <p><em>Read more: <a href="https://www.businessinsider.com/mackenzie-scott-donate-85-million-girl-scouts-2022-10">MacKenzie Scott donates $84.5 million to the Girl Scouts, which is the largest donation to the organization from a single person</a></em></p> </div> <div class="slide">9. L'Oreal heiress Francoise Bettencourt Meyers: -$30.7 billionFrancoise Bettencourt Meyers, granddaughter of L'Oreal founder Eugene Schueller. Her family owns a 33% stake in the cosmetics giant. <p class="copyright">JEAN-PIERRE MULLER/AFP via Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/loreal-heiress-francoise-bettencourt-meyers-richest-woman-in-the-world-2020-1">Meet billionaire L'Oreal heiress Françoise Bettencourt Meyers, the richest woman in the world</a></em></p> </div> <div class="slide">10. Microsoft co-founder Bill Gates: -$27.3 billionBill Gates, co-chair of the Bill & Melinda Gates Foundation and founder of Breakthrough Energy. <p class="copyright">Michael Loccisano/Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/bill-gates-breakthrough-energy-refinery-turns-alcohol-sustainable-aviation-fuel-2022-10">A Bill Gates fund invested $50 million in a startup that's building a massive refinery to turn alcohol into jet fuel</a></em></p> </div> <div class="slide">11. Nike co-founder Phil Knight: -$25.7 billionNike cofounder Phil Knight <p class="copyright">Courtesy Nike</p> <p><em>Read more: <a href="https://markets.businessinsider.com/news/stocks/nike-stock-price-earnings-inventories-supply-chain-retail-forecast-sales-2022-9">Nike shares tumbled to their lowest price in more than two years</a></em></p> </div> <div class="slide">12. CATL founder Zeng Yuqun: -$24.2 billionZeng Yuqun, chairman and founder of Contemporary Amperex Technology Co, one of the world's largest suppliers of electric vehicle batteries. <p class="copyright">VCG via Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/12-most-powerful-people-in-china-youve-never-heard-of-2022-3">These are the 12 most powerful people in China you've probably never heard of</a></em></p> </div> <div class="slide">13. Tencent CEO Ma Huateng: -$23 billionMa Huateng, also known as "Pony Ma", is the chairman and chief executive officer of the Chinese internet company Tencent Holdings Ltd. <p class="copyright">Visual China Group via Getty Images</p> <p><em>Read more: <a href="https://markets.businessinsider.com/news/stocks/china-richest-people-lost-13-billion-market-selloff-xi-congress-2022-10">China's richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term</a></em></p> </div> <div class="slide">14. Former Microsoft CEO Steve Ballmer: -$21.3 billionSteve Ballmer, CEO of Microsoft from 2000 to 2014. Currently the owner of the LA Clippers NBA team. <p class="copyright">Kimberly White/Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10">Microsoft quietly laid off under 1,000 employees in teams across the company, from Xbox to government tech</a></em></p> </div> <div class="slide">15. Kering CEO Francois Pinault: -$20.4 billionFrancois-Henri Pinault attends the 2019 Vital Voices Solidarity Awards at IAC Building on December 09, 2019 in New York City. <p class="copyright">Jamie McCarthy/Getty Images</p> <p><em>Read more: <a href="https://www.businessinsider.com/gucci-louis-vuitton-owners-kering-lvmh-earnings-strong-amid-inflation-2022-8">Gucci, Louis Vuitton thrive despite the squeeze of inflation</a></em></p> </div> </div> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/billionaires-who-lost-most-money-this-year-zuckerberg-musk-bezos-2022-10">Business Insider</a></div>

Meta CEO Mark Zuckerberg.

Alex Wong/Getty Images; Rachel Mendelson/Insider

The world’s 10 richest people have collectively lost almost a quarter of a trillion dollars year-to-date.
Tech CEOs investing in the metaverse and cryptocurrency are ranked as the biggest losers.
These are the billionaires who have seen their net worth drop the most, per the Bloomberg Billionaires Index.

1. Meta CEO Mark Zuckerberg: -$87.3 billionMeta CEO Mark Zuckerberg.

AP Photo/Mark Lennihan

2. Binance CEO Changpeng Zhao: -$72.6 billion

Antonio Masiello/Getty Images

3. Tesla CEO Elon Musk: -$66.4 billionElon Musk.

Adrees Latif/Reuters

4. Amazon founder Jeff Bezos: -$65.7 billion

Anadolu Agency / Getty Images

5. Google co-founder Larry Page: -$39.2 billionLarry Page, Google co-founder and CEO speaks during the opening keynote at the Google I/O developers conference on May 15, 2013 in San Francisco.

Justin Sullivan/Getty Images

6. CEO of LVMH Bernard Arnault: -$38.2 billion

CHRISTOPHE ARCHAMBAULT/AFP via Getty Images

7. Google co-founder Sergey Brin: -$38.1 billion

Evan Agostini/Invision/AP

8. Philanthropist MacKenzie Scott: -$31.7 billionMacKenzie Scott owns a 4% stake in Amazon and has donated more than $8.6 billion to various charities since splitting with her ex-husband Jeff Bezos.

Evan Agostini/Associated Press

9. L’Oreal heiress Francoise Bettencourt Meyers: -$30.7 billionFrancoise Bettencourt Meyers, granddaughter of L’Oreal founder Eugene Schueller. Her family owns a 33% stake in the cosmetics giant.

JEAN-PIERRE MULLER/AFP via Getty Images

10. Microsoft co-founder Bill Gates: -$27.3 billionBill Gates, co-chair of the Bill & Melinda Gates Foundation and founder of Breakthrough Energy.

Michael Loccisano/Getty Images

11. Nike co-founder Phil Knight: -$25.7 billionNike cofounder Phil Knight

Courtesy Nike

12. CATL founder Zeng Yuqun: -$24.2 billionZeng Yuqun, chairman and founder of Contemporary Amperex Technology Co, one of the world’s largest suppliers of electric vehicle batteries.

VCG via Getty Images

13. Tencent CEO Ma Huateng: -$23 billionMa Huateng, also known as “Pony Ma”, is the chairman and chief executive officer of the Chinese internet company Tencent Holdings Ltd.

Visual China Group via Getty Images

14. Former Microsoft CEO Steve Ballmer: -$21.3 billionSteve Ballmer, CEO of Microsoft from 2000 to 2014. Currently the owner of the LA Clippers NBA team.

Kimberly White/Getty Images

15. Kering CEO Francois Pinault: -$20.4 billionFrancois-Henri Pinault attends the 2019 Vital Voices Solidarity Awards at IAC Building on December 09, 2019 in New York City.

Jamie McCarthy/Getty Images

Read the original article on Business Insider

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