Billionaires enjoyed an incredible performance in 2020 and 2021, adding nearly $2 trillion to their collective wealth during the COVID-19 pandemic. But the richest people on the planet are now hemorrhaging as the stock market plunges and central banks tighten monetary policy.
Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Page are among the top 10 billionaires who have lost money, with a combined $437 billion in net worth dropped this year through May 23.
Here’s a look at the billionaires who lost the most amount of money, according to the Bloomberg Billionaires Index, a daily ranking of the world’s wealthiest people.
Changpeng Zhao. (Smorshedi/CC BY-SA 4.0)
Changpeng Zhao | Canada…