Fortunes of world’s richest shrink

The 500 wealthiest individuals lost a combined $1.4 trillion this year The world’s 500 richest people have lost a cumulative $1.4 trillion since the beginning of the year, according to Bloomberg’s ‘Billionaires Index’. According to their calculations, the globe’s most wealthy became poorer by $206 billion on Monday alone. Changpeng Zhao, the founder of the globe’s largest cryptocurrency exchange Binance, suffered the biggest losses, with his fortune shrinking by $85.6 billion since the beginning of the year to $10.2 billion. Tesla and Space X founder Elon Musk ranks second in terms of money losses, having said goo

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Last updated : 14 June 2022 clock 07:20 PM

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