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Zuckerberg lost more in 10 months than three billionaires in India earned in a lifetime

Barring Gautam Adani, this year has been no less than a nightmare for the world’s top-10 richest people. 9 of the top 10 billionaires have lost over $250 billion in assets so far. Elon Musk is one of the top 10 billionaires who lost the most wealth. They have lost a total of $ 62.1 billion i.e. about Rs 511,455 crore. If we talk about the billionaires of the whole world, then Facebook CEO Mark Zuckerberg has suffered the most this year so far.

According to the Bloomberg Billionaire Index, Jeff Bezos is second in terms of net worth, whose wealth has decreased by $ 53.1 billion so far this year, i.e., he has suffered a total setback of Rs 437,331.6 crore. At the same time, Bernard Arnault has a loss of $ 41.2 billion.

Zuckerberg Lost More Than Lifetime Earnings Of India’s 3 Billionaires

Facebook CEO Mark Zuckerberg, who once ranked fourth to sixth in the list of the world’s rich, has suffered the biggest setback of $ 75.6 billion this year. His net worth is now only $ 49.9 billion. After this decline, he has now slipped to the 23rd place in the list of the world’s nobles. The wealth that Zuckerberg has lost this year is not even the total wealth of the 3 richest people in India’s top-10 billionaires.

India’s third-largest billionaire Shiv Nadar has a net worth of $23.8 billion, while fourth-ranked billionaire Azim Premji has a net worth of $23.4 billion and Radhakrishna Damani’s net worth is $20.1 billion. If the assets of these three Indian billionaires are added, then they are getting only $ 67.3 billion, while Zuckerberg has lost $ 75 billion this year.

Why is the wealth of billionaires declining?

In fact, a large part of the wealth of these billionaires is in the shares of their companies. This year, due to the huge volatility in the stock markets, the wealth of the rich got dented. Shares of Elon Musk’s Tesla Inc. have lost about 45 percent so far this year. The shares of this company of Jeff Bezos, who was the CEO of Amazon, have broken up to 32.43 percent, the share of Google i.e. Alphabet has fallen by more than 30 percent this year. Facebook has also fallen by more than 60 percent. This decline is becoming a major reason for the decrease in the wealth of these rich.

Number one in adani earnings

Indian industrialist Gautam Adani, who reached number two in the list of billionaires this year, proved to be number one in earnings. Despite falling from number two to number four, he is at the top of the world’s richest earning. He has reached $123 billion in the Bloomberg Index, adding to his wealth of $ 46.9 billion so far this year. Just a few days ago, his wealth had reached $ 150 billion.

If the shares of Adani’s companies jumped, then there was a jump in wealth too

While the shares of companies ranging from Elon Musk to Sergey Brin fell, the shares of companies of Gautam Adani took a wonderful flight this year. His flight put Adani at number two in the list of the world’s rich. Talking about the companies of the Adani Group, the shares of Adani Enterprises have jumped more than 91 percent this year. When Adani Power took wings, this stock soared 238 percent this year. Adani Green jumped nearly 60 percent while Adani Transmission rose more than 88 percent. Adani Total Gas also rose by 84.08 percent. No Adani stock has dropped so far this year. This is the reason why Adani proved to be number one in earning in the world.