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- Top billionaires around the world experienced a wealth wipeout on Monday, January 30, 2023
- Bernard Arnault, Elon Musk, Jeff Bezos and Bill Gates have seen Gautam Adani take the worst hits and his assets collapse in varying amounts.
- Africa’s richest man, Aliko Dangote, survived wealth plunge, earning $8.56 million in 24 hours
Monday January 30, 2023 was a bloody day for top billionaires around the world as their assets plummeted in a global stock market crash that rippled through the technology, consumer, retail and manufacturing sectors.
The richest man in the world, French billionaire Bernard Arnault, saw his net worth drop from $190 billion to $189 billion in 24 hours.
Source: Getty Images
Plummeting Wealth of Top Billionaires
Tesla CEO Elon Musk, who saw a $20 billion fortune surge last week, wiped his net worth from $167 billion to N$160 billion as of Friday 27 January 2023, wiping out $7 billion. I made it
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Electric car maker Tesla shares have fallen about 3% on the stock market, trading at 11% for most of last week.
On Monday, January 30, 2023, Amazon CEO Jeff Bezos lost $1 billion as Amazon’s stock fell below expectations.
Bill Gates, who ranks fourth on the Bloomberg Billionaires Index ladder, lost about $953 million, dropping his fortune to $111 billion.
The world’s top nine billionaires have seen their net worths drop as investors dumped their stocks.
Indian billionaire Adani hit hardest
Perhaps the worst hit was India and Asia’s richest man Gautam Adani, who lost more than $65 billion in a single day, plummeting to 11th place in the index.
Adani lost third place in Bezos’ penultimate week when he ranked fifth on the index.
But a report by Hindenburg, a research firm and short-seller, dealt an even more devastating blow to Adani’s assets, sending Adani Group’s stock price plummeting. This knocked Gautam Adani out of the top 10 richest people in the world.
According to reports, the group’s CEO has committed the greatest fraud in human history.
In a 410-page rebuttal, Adani accused the company of sabotage and threatened legal action.
dangote survive
Africa’s richest man, Aliko Dangote, has skyrocketed his wealth to $8.56 million in 24 hours.
Despite dropping from No. 80 to No. 84, Dangote’s net worth remained at $19 billion.
This is due to investor confidence in the share price of Dangote Cement, Africa’s largest cement maker.
Elon Musk’s Wealth Soars To $11 Billion In Two Days, Dangotes Suffer Losses
Legit.ng reported that Tesla CEO Elon Musk’s wealth has surged by almost $11 billion since he began facing civil lawsuits over his tweets.
The Bloomberg Billionaire Index reports that the SpaceX CEO’s net worth has surged $10.6 billion to $145.2 billion since he began testifying in court on Friday, January 20, 2023.
The latest profit is Musk’s biggest two-day profit since November 2022.
Source: Legit.ng
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