On May 24, Beijing time, this year, the book wealth of the world's top 50 richest people evaporated more than $500 billion. This amazing loss of wealth exceeded Sweden's GDP , more than the market value of any company except six companies in the S & P 500 index.
The Bloomberg billionaires index shows that as of May 22, the net assets of the 50 richest people, including Elon Musk, Jeff Bezos, Bill Gates and Warren Buffett, had evaporated a total of $563 billion (about 3.7 trillion yuan). The fall comes as the stock market faces its first bear market since the outbreak began.
Musk is the CEO of Tesla and the richest man in the world. At present, musk has a net asset of US $2010 billion. Bloomberg billionaires index shows that so far this year, he has lost $69.1 billion on his book, which is the biggest loss among the 50 billionaires on the list. He is buying twitter for $44 billion, but said the deal had been shelved.
In addition, Amazon founder Bezos's net worth fell by $61.1 billion. Bernard Arnault, the richest man in France and CEO of LVMH group, lost $55.2 billion in wealth. Bezos still has net assets of $131 billion, while Arnault's net assets are $123 billion. Microsoft co-founder gates is currently worth $116 billion, but has 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.