Musk, Bezos, Zuckerberg… Tech Billionaires Suffer Big Losses in 2022

After the wind of euphoria that blew in the technological sphere during the Covid-19 pandemic, it is now grimace soup at Gafam. With market values ​​down sharply on Wall Street this year, gloomy growth prospects and big layoff plans, the past few months have been painful for Meta, Amazon, Tesla and even Netflix. As a result, the American billionaires at the helm of these tech giants saw their fortunes plummet in 2022. Rest assured, they still have a few tens of thousands of dollars left to survive.

Thus, Elon Musk and Jeff Bezos, who a few months ago contested the symbolic title of the richest man in the world, were put on the ceiling of the post by Bernard Arnault, the head of LVMH, who now enjoys a fortune. 165 billion dollars according to Bloomberg Billionaires Index. Behind him, Elon Musk has to settle for second place with a tidy sum of 138 billion dollars. But Tesla’s boss has had a chaotic year with the incredible takeover of Twitter and the sharp drop in action from his electric car company, with shareholders less and less appreciative of the escapades of the quirky American entrepreneur of South African origin. . In 2022, the wealth of the latter has thus fallen by 132 billion dollars.

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A little further back, since he handed over the reins of Amazon to Andy Jassy in the summer of 2021, Jeff Bezos is no longer on the podium of the richest men in the world. He comes only in sixth place with an estimated booty of $107 billion. As the e-commerce giant’s valuation has halved this year, the Amazon founder’s fortunes have been hit hard. It has thus melted by 85.2 billion dollars since January.

As for Mark Zuckerberg, the year 2022 will have been a trial for him from start to finish. Sluggish growth, very hostile regulators, low workforce morale, plummeting shareholder confidence… The boss of Meta will quickly forget the last few months, although the year 2023 may be in the same spirit. And with good reason, the American group’s offensive in the metaverse is far from bearing fruit at the moment.

The Horizon Worlds platform, the first draft of this virtual world, has less than 200,000 monthly active users, while it originally targeted 500,000 by the end of the year. A real failure despite $20.9 billion burned in two years to build this metaverse. The valuation of Meta has thus collapsed by two-thirds of its value since the beginning of the year. Mark Zuckerberg is now the 25th richest man in the world, with a fortune cut by $79.9 billion since January. There is still $45.6 billion left for the head of Meta’s parent company.

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