Billionaires Lost $67 Billion Last Week: Who Are They?

The NASDAQ experienced its worst week since the start of the pandemic, causing technology billionaires to lose billions, while Bitcoin cryptocurrency has lost nearly half of its peak value. According to Daily Mail, this occurred against the backdrop of the tightening monetary policy of the U.S. Federal Reserve.

The richest technology billionaires in the country have been hit the hardest. Elon Musk, Jeff Bezos, Larry Page, Bill Gates, and Mark Zuckerberg collectively lost $67 billion last week. The report details that among these wealthy individuals, Tesla's founder and CEO, Musk, suffered the most, with losses estimated at $25.1 billion. Amazon founder Jeff Bezos lost $19.9 billion.