Billionaires Lose $1.4 Trillion in 1st Half of 2022: Bloomberg Index

Billionaires Lose $1.4 Trillion in 1st Half of 2022: Bloomberg Index
Amazon founder Jeff Bezos (L) and his girlfriend, Lauren Sanchez, pose for a picture during their visit to the Taj Mahal in Agra, India, on Jan. 21, 2020. Pawan Sharma/AFP via Getty Images
Andrew Moran
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It wasn’t only retail investors who lost a lot of money in the stock market. In the first half of 2022, the world’s richest 500 people lost $1.4 trillion, according to the Bloomberg Billionaires Index.

This is the largest six-month decline in wealth in the history of the billionaire class worldwide, following two years of strong gains.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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