“How Elon Musk, Mark Zuckerberg and the World’s 500 Richest Billionaires Lost $1.4 Trillion in a Year”

Why this matters? Because it could be a sign of things to come, in addition to the fact that loads of people depend on these wealthy individuals for their livelihoods and incomes and as a result there are broader macroeconomic and structural consequences and implications when these individuals face a dip or downturn in their fortunes.

https://www.bloomberg.com/news/features/2022-12-29/billionaire-wealth-losses-in-2022-hit-1-4-trillion-led-by-elon-musk-jeff-bezos

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