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Tuesday, May 30, 2023

Jeff Bezos and Elon Musk Lose $127 Billion

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The world’s two richest males, Elon Musk and Jeff Bezos, have misplaced at the very least $127 billion of their web price thus far this 12 months from the current selloff within the inventory market, based on the Bloomberg Billionaires Index, which is a day by day rating of the world’s richest individuals.

Musk, CEO of Tesla ( (TSLA) – Get Tesla Inc Report), has misplaced $66.5 billion whereas Amazon ( (AMZN) – Get Amazon.com, Inc. Report) CEO Bezos noticed his fortune decline by $61 billion as of May 23 because the correction available in the market introduced down the valuations of their corporations. Amazon’s inventory has fallen by 35.4% year-to-date whereas Tesla’s inventory has declined much more at 36.1%.

Source: www.thestreet.com

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