In 2022, tech bosses were also grappling with the economy. The biggest loser among them is new Twitter boss Elon Musk.
the essentials in a nutshell
- Google, Amazon and Co. have struggled with falling stocks this year.
- This is noticeable in the piggy banks of tech bosses.
- The biggest loss, however, was made by Tesla boss Elon Musk.
Whether it’s Microsoft, Amazon or Tesla, the bosses of these successful companies are among the richest people in the world. But the wallets of tech bosses were also shrinking in 2022, as the Washington Post shows in a preview. Falling stocks had a particularly strong influence here.
Not a good year for tech stocks
Bill Gates (67) will lose almost 27 billion francs in 2022. Microsoft shares will decline by almost 30%, making Gates the most valuable individual position. The entrepreneur’s piggy bank also suffers the effects of this loss.
The same goes for the former CEO of Microsoft, Steve Ballmer (66). His net worth has declined due to the software developer’s weak stock market year 19 billions of francs.
The Meta-Chef cash register has also become lighter Mark Zuckerberg. Not only is the Facebook network, which the 38-year-old founded as a student, facing growing competition. Metaverse expansion is also associated with high costs. Zuckerberg’s net worth has fallen by around 75 billions of francs.
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The past stock market year has been particularly bleak for the online mail-order giant Amazon. The shares fell almost 50%. Lost as a result Jeff Bezos (58), founder of the company’s first shareholder, 78 billions of francs. However, it is important to note that the group experienced a huge growth spurt during the corona pandemic.
Elon Musk loses the most
Earning less in 2022 has also Larry Page (49) and Sergey Brin (49). The founders of Google were together 82 billion francs more easily. Among other things, Alphabet Inc. had to lay off staff and shut down its cloud video game streaming service, Stadia.
The list of biggest losses is led by the boss of Tesla Elon Musk. Investors were concerned about its takeover of Twitter.
The electric car maker’s safety has plummeted by almost 70%. The results? lost musk 122 Billions of francs – in just twelve months.
Overall, tech moguls lost as much as they could 401 billion frank!
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