Musk, Bezos, And Gates Lose $115 Billion In 5 Months
Some of the world’s richest men, Elon Musk, Jeff Bezos, and Bill Gates, have endured a collective $115 billion hit to their net worths across the past five months amid tumbling stock markets.
Tesla CEO Elon Musk has seen $46.4 billion wiped off of his net worth, according to the Bloomberg Billionaires Index. Meanwhile, Amazon founder Jeff Bezos is down $53.2 billion, and Microsoft co-founder Bill Gates has seen a $15.1 billion loss.
At the time of writing, Forbes estimates Musk’s net worth to stand at $230.1 billion, while Bezos’ net worth stands at $140.8 billion, and Gates’ stands at $128.5 billion.
The majority of Musk and Bezos’ wealth is tied up in Tesla and Amazon shares. Gates’ Microsoft holdings, however, are now relatively modest.
Musk’s 15.6% stake in Tesla is worth approximately $122 billion after shares in the luxury EV maker tumbled around 37% this year.
Last week, the Tesla CEO lost $10 billion of his net worth in a single day following allegations that he sexually harassed a flight attendant onboard a private SpaceX flight. Musk has denied the claim against him.