Which Tech Leaders Lost Billions Like Elon Musk?

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8 richest tech leaders Who Lost Billions
8 richest tech leaders Who Lost Billions
8 richest tech leaders Who Lost Billions

It’s a well-known fact that tech pioneers employ a mighty influence when ranking the world’s wealthiest individuals.

According to Bloomberg’s billionaires’ list, eight of the top 20 richest people on the planet acquired their riches through the tech sector.

Before we find out how the staggering amount of money these tech tycoons lost in 2022, let us first find out who are the eight richest tech leaders in the world:

The 8 richest tech leaders

Elon Musk

Elon Musk

Ranking: 1st

Estimated Net Worth: $223 billion

Change from the previous year: Down $47.8 billion

How he earned his wealth: Elon Musk owns the electric car producer Tesla. Additionally, he is interested in outer space ventures and plays with rockets, thanks to SpaceX. He is, as of now, pursuing a deal to buy Twitter for $44 billion. However, the arrangement seems to be in peril.

Jeff Bezos

Jeff Bezos

Ranking: 2nd

Estimated Net Worth: $140 billion

Change from the previous year: Down $52.5 billion

How he earned his wealth: We all have bought something from Amazon at one time or another, right? Well, consider yourself a part of making Jeff Bezos filthy rich. The web-based retailer had become a staple for many families, particularly during the COVID-19 pandemic when quarantine kept us locked in our homes. Jeff Bezos has since resigned as CEO of Amazon. Thanks to Blue Origins, he is currently testing his outer space limits with rockets.

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Bill Gates

Bill Gates

Ranking: 4th

Estimated Net Worth: $116 billion

Change from the previous year: Down $22.4 billion

How he earned his wealth: Gates is the co-founder of Microsoft, which roughly carries a market cap of approximately $2 trillion. After this venture, Gates started the Melinda Gates Foundation to assist with battling poverty and worldwide inequity. He was also once an extraordinary chair jumper.

Larry Page

Larry Page

Ranking: 5th

Estimated Net Worth: $107 billion

Change from the previous year: Down $21.3 billion

How he earned his wealth:

He is the co-founder of the biggest search engine and the tech giant Google. Both Page and his partner Brin right now serve on Alphabet’ board of directors.

Sergey Brin

Ranking: 6th

Estimated Net Worth: $103 billion

Change from the previous year: Down $20.9 billion

How he earned his wealth: Brin is the other co-founder of Google, which has become an indispensable search engine and productivity tool for billions of individuals. As of 2022, Google’s parent organization, Alphabet, has a market cap of $1.5 trillion.

Steve Ballmer

Ranking: 9th

Estimated Net Worth: $94.6 billion

Change from the previous year: Down $11 billion

How he earned his wealth: Ballmer filled in as CEO of Microsoft from 2000 to 2014, pushing its income toward $80 billion when he retired. As of 2022, Ballmer is the owner of the NBA’s Los Angeles Clippers.

Larry Ellison

Ranking: 10th

Estimated Net Worth: $88.8 billion

Change from the previous year: Down $18.4 billion

How he earned his wealth: Larry Ellison was a co-founder of the software giant Oracle in 1977 in Silicon Valley. After a decade, Oracle would become the most extensive database management organization on the planet. Ellison additionally has his own Hawaiian island.

Mark Zuckerberg

Ranking: 17th

Estimated Net Worth: $63.8 billion

Change from the previous year: Down $61.7 billion

How he earned his wealth: We have heard of Facebook. Most of the world uses it to communicate with each other. Zuckerberg co-founded Facebook. This aided in ushering the social media era by connecting family, friends, and a periodic random individual from school you genuinely don’t talk to that much. Facebook, as of now, has transformed into Meta to likely mirror the organization’s shift toward augmented reality and the metaverse.

So, these were the top 8 wealthiest tech leaders in the world. These tech tycoons on the list acquired their fortunes through ventures including automobiles, online retail, programming, web-based entertainment, and social media. The leading seven tech business people have a joined total asset amounting to $936 billion.

Be that as it may, they’ve likewise lost a lot of money in contrast to this time a year prior.

As per Bloomberg, the joined total assets of the eight richest tech people in the top 20 plunged by $256 billion, almost equivalent to New Zealand’s GDP, given the World Bank data.

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