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Billionaires Money Huge Fall In Wealth Of Worlds Top 500 Rich Loss Of More Than 100 Lakh Crore

Share Market Loss News: In the current year so far,...

Share Market Loss News: In the current year so far, the time has been heavy for the rich around the world. Due to the fall in the stock market, there is a big decline in his wealth. According to the Bloomberg Billionaires Index, the wealth of the world’s 500 rich has decreased by Rs 109.27 lakh crore ($1.4 trillion) this year. On Monday alone, $ 206 billion has been immersed in this loss.

Due to the high interest rate and inflation, there has been a huge decline in the stock market around the world, it is the result of that. According to the Capgemini World Wealth Report released on Tuesday, this trend is reversed from last year. Last year, the boom of the stock market made the rich of the world richer. Last year’s boom increased the population of the world’s rich by 8 percent. At the same time, 13 percent of the rich increased in North America. According to the data, wealth in the Asia-Pacific increased by 4.2 percent.

Know how many billion dollars the top-5 rich lost,

In this fall, the world’s 5 top rich have lost more than $ 345 billion in wealth. Changpeng, the CEO of Chinese tech company Binance, has suffered the most. Changpeng Zhao has lost $85.6 billion in assets. At number two is the name of Elon Musk who has lost $ 73.2 billion. Jeffbezos is at number three with a loss of $ 65.3 billion. Zuckerberg of Facebook is in fourth place after losing $ 64.4 billion. Bernard Arnault is at number five with a loss of $56.8 billion.

Cryptocurrencies have also caused big losses

Action on tech companies by China and the cooling of the real estate market were the main reasons for this decline. Along with this, there was a lot of bullishness in the US markets and the downfall of cryptocurrencies was also a big reason. Where earlier cryptocurrencies and the stock market increased wealth, now the opposite trend is going on. Inflation has risen, raising concerns about how fast the Federal Reserve will raise interest rates.

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