America’s Tech Billionaires Lost $315 Billion This Past Year | Forbes

A year ago, America’s technology billionaires were soaring, with markets near all-time highs and VCs pumping big money into startups. What a difference a year makes.
Stock prices have dropped and inflation surged, making the members of The Forbes 400 list of the richest people in the U.S. a collective $500 billion poorer than last year. The wealthiest tech tycoons have taken the brunt of the beating: They have lost a combined $315 billion in net worth since the fall of 2021-accounting for nearly two thirds of the total drop in The Forbes 400’s wealth.
In all, there are 65 people who made their fortunes in technology on the 2022 list; 50 are poorer than they were in 2021.
The biggest losses have come from the biggest fortunes: Amazon shares are down 27%, taking $50 billion off Jeff Bezos’ net worth and dropping him from the top spot on The Forbes 400 for the first time since 2018. Microsoft stock, down by 15%, helped lop $13.5 billion off the fortune of former CEO Steve Ballmer. No company illustrates the end of the pandemic boom more than videoconferencing company Zoom, which is down 73% in the last year as workers return to the office-bad news for founder Eric Yuan, who’s down $10.6 billion.
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[@hamdiben8163]

They never lose money, stop misleading the public.

[@kenny5565]

In a few years they will get their money back and even earn more. So yeah no need to feel bad for them but more for the people who have invested their money hard earn money in these companies and to see 50% of that money wipeout

[@spdesigns12]

Wow I feel real bad for them. If they all gave a little back the world could be a better place.

[@LolLol-nn8td]

they have given more in charity then you will ever make in a million years

[@iLoveLoliAndILewdLoli]

Even if that happen nothing change

[@jethsears161]

See what going WOKE gets you

[@Neftegna]

You guys forgot to add Sam Bankman-Fried

[@diceptia6444]

Sam Bank-rupt jailed

[@markhirstwood4190]

When you get ultra rich... don't you stop to think, phew, okay, I'm going to put 80% of my net worth into the S&P 500 index and put no more than 20% in my own company's stock.? Seems imprudent to have your fortune riding on mainly one stock.

[@mellodyhobsonsshinybrooch]

Good!

[@iLoveLoliAndILewdLoli]

Why?

[@diceptia6444]

@@iLoveLoliAndILewdLoli jealousy

[@zik2746]

Wow🤦‍♀️

[@mack-uv6gn]

Rich people problems😂

[@rollandcurtis874]

This investment will take me straight to the moon like I’m Elon Musk.

[@Zer0Dark30]

Foolish dreams of grandeur

[@GENZGAMER_]

Well for #1, AMAZON is taking a HARD HIT Because People Dont Have As Much Money To Buy From Amazon Like They Use Too. We Cant Afford It RN.

[@AadarshChoudhary15]

Jeff Bezos

[@DigitalGood]

Where did that money go?

[@backinthegame34]

Adani on the other hand ... Go Adani !

[@hrpickinstuff]

That's what they get for backing Democrats.

[@kkcce]

Recession is coming to an end, they will bounce back stronger💪🏽 we are bound to see the first trillionaires within the next 10 - 20 years📈

[@spotifyboy3933]

lol is that good ? no

[@siddharthabiswas2147]

The rexessipn is just beginning

[@iLoveLoliAndILewdLoli]

@@spotifyboy3933 yes

[@iLoveLoliAndILewdLoli]

@@spotifyboy3933 I hope I'll become rich

[@spotifyboy3933]

@@iLoveLoliAndILewdLoli if you gotta hope to be rich your not gonna be a billionaire no cap bro

[@anggatris.7392]

Freak 😅

[@redofspades]

If they're losing who's winning?

[@diceptia6444]

No one

[@janiceraevelyn9376]

good job biden

[@jethsears161]

Good

[@TheAgentofWallStreet]

The NASDAQ Futures cheated yesterday and gapped up to the weekly SMA(20) line (12,032) then backtested all day, taking the "gains" out of your hands as traders. This market still has legs to rally higher. I share all of my entry/exit trades so you can be a better trader or investor.

[@livefreeordie5769]

@TheChiefCoin

[@666thprofetofthegodthatnev5]

Boo whooo 😂