London: The recession caused by the Corona epidemic has had an impact on everyone. People, who are counted among the richest people in the world, from the common man, have also suffered. Twitter owner Elon Musk’s wealth has fallen by nearly $62 billion.

Jeff Bezos’ wealth has also seen a decline of about $63 billion. At the same time, Mark Zuckerberg’s total wealth has fallen by more than half.

All told, in the first half of 2022 (January-June 2022), the world’s 500 richest people lost $1.4 trillion. These are a steep decline, which is by far the biggest half-yearly decline for the global billionaire class.

This is one of the steepest declines in the post-corona period, when the government and central banks launched unprecedented stimulus measures in the wake of the COVID-19 pandemic, slashing the value of everything from tech companies to cryptocurrencies. Some of the high-value stocks and billionaires who own them are incurring huge losses due to the increase in interest rates by policymakers to tackle the spiralling inflation.

Tesla INC. the last quarter was the worst ever. While Amazon.com INC suffered the most since the advent of the dot-com bubble.

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