Why Tech Giants Elon Musk And Jeff Bezos Lost Multi-Billion-Dollar Net Worth?

A common man cannot even think of earning so much wealth in one life.

In recent days, the price of cryptocurrency has been falling continuously. Due to which a lot of loss is being caused to the common people as well as the big rich. One of them is tech giants Elon Musk and Jeff Bezos, who have lost billions in this cryptocurrency crash.

If we look at the last few months, due to the atmosphere of fear in the crypto market, almost people have lost more than 1 trillion dollars. The reason for this fear is the fear of governments in many countries banning cryptocurrency. Governments in many countries are also trying to regulate it.

On the other hand, tech stocks are also performing poorly. Netflix’s share price is also seeing its biggest decline in a decade. The wealth of Tesla CEO Elon Musk and Amazon founder Jeff Bezos has also declined significantly due to the cryptocurrency crash.

Musk has lost $25.1 billion and Bezos nearly $20 billion after the fall in tech stocks and the crash in cryptocurrencies.

A common person cannot even think of earning so much wealth in one life, but there are people like Musk and Bezos in the world who are living life happily even after losing so many billions.

Musk is the world’s richest person with a net worth of $243.4 billion, while Bezos is the second richest person with a net worth of $167.6 billion.

Newsletter Updates

Enter your email address below and subscribe to our newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *