World's 50 Richest People Have Lost Combined $563 Billion in Net Worth so Far in 2022

The 50 wealthiest people in the world have lost more than half a trillion dollars this year due to the tanking stock market, according to the latest figures compiled by Bloomberg Billionaires Index.

The the top 50 richest, which includes Tesla CEO Elon Musk, Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates, and French luxury goods magnate Bernard Arnault, have lost a combined $563 billion in net worth through May 22, according to Bloomberg.

Musk, the world’s richest man who has temporarily put on hold his $44 billion acquisition of Twitter, has lost $69.1 billion — the most of any mogul on the list. He now has a net worth of $201 billion.

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