Elon Musk loses $ 15 billion in one night … He is not alone!

US tech moguls amassed tens of billions of collective wealth as tech stocks collapsed amid fears of inflation and economic contraction.

Tesla CEO Elon Musk’s net worth fell by $ 15.2 billion on Friday, the biggest loss among tech billionaires, after Tesla shares extended losses.

Musk’s fortune has dropped to $ 268.9 billion, but it still is in growth of 72% for questyear, according to the Bloomberg Billionaires Index, as viewed by Al Arabiya.net.

The net worth of Amazon cofounder Jeff Bezos fell by $ 2.7 billion, with Amazon shares in drop 1.4% in New York, while Oracle cofounder Larry Ellison’s fortune fell by $ 2.6 billion.

Facebook CEO Mark Zuckerberg’s fortune fell $ 1.3 billion to $ 114.7 billion.

Elon Musk loses $ 15 billion in one night … He is not alone!
Elon Musk, Mark Zuckerberg and Jeff Bezos

Markets are still reacting to rising inflation and the possibility of the Federal Reserve moving forward with a more rapid reduction in asset purchases.

According to the index, the 10 largest tech billionaires in the United States together have lost $ 27.4 billion in wealth.

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