The world’s 50 richest people have lost about 3.7 trillion yuan in wealth this year, more than Sweden’s GDP

Beijing time on May 24th news, this year,The paper wealth of the world’s 50 richest people has evaporated by more than 500 billion US dollars,This staggering loss of wealth exceeds Sweden’s gross domestic productmore than the market capitalization of any but six companies in the S&P 500.

▲ Bezos, Gates and Musk

As of May 22, the Bloomberg Billionaires Index included Elon Musk, Jeff Bezos, Bill Gates and Warren Buffett. The 50 richest people, including Warren Buffett, have lost a combined $563 billion (3.7 trillion yuan) in net worth.The drop comes as stocks face their first bear market since the pandemic began.

Musk is the CEO of Tesla and the richest man in the world, with a net worth of $201 billion. According to the Bloomberg Billionaires Index,He has lost $69.1 billion on paper so far this year, the biggest loser of the 50 billionaires currently on the list. He is buying Twitter for $44 billion, but said the deal has been put on hold.

in addition,Amazon founder Bezos’ net worth drops by $61.1 billion. Bernard Arnault, France’s richest man and CEO of LVMH, lost $55.2 billion. Bezos still has a net worth of $131 billion, and Arnault has a net worth of $123 billion. Microsoft co-founder Gates is currently worth $116 billion.But it has already lost $21.7 billion this year. Berkshire Hathaway CEO Warren Buffett ranks fifth with a net worth of $110 billion. Unlike the top four, his net worth has increased by $1.2 billion this year.