This year has been tough and competitive for giant companies. So much so that while some companies increased their earnings, some closed the year with a loss. Of course, the managers of the companies were also affected by this situation. So who was the CEO who lost the most wealth in 2022?
6 CEOs lost more than $ 400 billion in wealth!
According to the Index report published by Bloomberg, CEOs of giant technology companies Elon Musk, Mark Zuckerberg, Jeff Bezos, Bill Gates and Alphabeth executives Larry Page and Sergey Brin have lost a total of 427 billion dollars since the beginning of this year.
Elon Musk
The CEO who lost the most wealth in 2022 was Elon Musk, who did not fall off the agenda by buying the social media giant with 140 billion dollars in the past months. At the same time, Musk lost the title of the richest person in the world to Bernard Arnault.
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Elon Musk, who needed financial resources to buy Twitter, sold 4 billion dollars of Tesla shares for this. The company is now experiencing a decline in share value, hitting its lowest level in the last two years.
Trying to create a new order in the company, Elon Musk made radical decisions for the platform with his purchase of Twitter. So much so that one of them was the end of the employees working remotely. Also, Musk wanted staff to work harder. Employees who opposed the new rules left the company.
Jeff Bezos
Jeff Bezos, the founder and CEO of Amazon, has been the focus of criticism after he laid off more than ten thousand people. It is said that he even tried to change his image by doing philanthropy. Bezos, who received a reaction with his decisions, suffered a loss of 81 billion dollars this year.
Mark Zuckerberg
Mark Zuckerbeg, CEO of Meta, the parent company of Facebook and WhatsApp applications, lost $81 billion in 2022. So much so that the decrease in the company’s advertising revenues and the change in Zuckerberg’s point of view towards the metaverse brought about a great loss. Shares of Meta are down 65 percent since the start of this year.
In addition, the Nasdaq market, which is mostly tech companies, has dropped 41 percent since the beginning of this year.
So what do you guys think about the billionaires who lost in 2022? Do not forget to share your views with us in the comments section!