Elon Musk, Jeff Bezos, Warren Buffett and more lose more than $ 26 billion in wealth due to Evergrande crisis

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The 10 richest people in the world like Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and others have lost over $ 26 billion. Image: Reuters

Evergrande, China’s largest real estate developer and a global Fortune 500 company, which is on the verge of bankruptcy, has hit the world’s biggest fortunes, with the richest people losing billions of dollars. The 10 richest people in the world like Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and others have lost over $ 26 billion. Elon Musk of Tesla Inc., the world’s richest billionaire, saw his net worth drop from $ 7.2 billion to $ 198 billion, according to the Bloomberg Billionaires Index. Amazon.com Inc. founder Jeff Bezos lost $ 5.6 billion, with a net worth of $ 194 billion. In comparison, the S&P 500 Index fell 1.7% to $ 4,357.73, posting its worst daily performance since May of this year. Massive selling on Monday sent the S&P 500 Index down 4.3% from its 52-week high of $ 4,545.85.

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Evergrande founder and chairman Hui Ka Yan, who ranked 359 on the Bloomberg Billionaires Index list, saw his wealth rankings drop as the company’s shares fell to their bottom line. lowest level in over 11 years. Shares of Evergrande were last seen at this level in May 2010. His net worth stood at $ 7.3 billion, down nearly $ 16 billion since the start of the year.

Who lost how much wealth

As of September 21, 2021, famous Tesla CEO Elon Musk continues to be the richest person in the world on the planet with a net worth of $ 198 billion, despite falling to $ 7.15 billion. Amazon.com Inc founder Jeff Bezos was in second place with a net worth of $ 194 billion, with a fall of $ 5.2 billion. The other three people in the top five list were Bernard Arnault, head of the Louis Vuitton SE group with $ 157 billion (down from $ 2 billion), Microsoft co-founder Bill Gates with $ 149 billion (down from $ 149 billion). $ 1.94 billion) and Facebook founder Mark Zuckerberg with $ 132 billion (down from $ 3.27 billion) net worth. So far this week, the five richest people have lost more than $ 26 billion.

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According to the Bloomberg Billionaire Index, Google co-founders Larry Page and Sergey Brin were in sixth place ($ 124 billion, down $ 1.9 billion) and seventh ($ 119 billion, down from $ 1.9 billion), respectively. $ 1.8 billion). Former Microsoft CEO Steve Ballmer was number eight on the list with a net worth of $ 105 billion (down from $ 1.9 billion). Oracle Corporation’s Larry Ellison was in ninth position with a total net worth of $ 100 billion (down from $ 764 million), and multi-billion dollar investor Warren Buffet was in No. 10 with a total net worth of $ 100 billion. dollars (down from $ 701 million).

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