US$1.4 trillion: that’s how much the 500 wealthiest people in the world cumulatively lost in 2022 alone, Bloomberg has reported.

Here’s a rundown of the top 10 billionaires who have lost the most so far this year according to Business Insider .

In July he announced on Twitter: “I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world’s richest people.”

10. Microsoft’s Bill Gates: US$27.3 billion

One of the key contributors to her loss - October drop in L’Oréal shares, which was due to Covid-19 lockdowns in China, reported

9. L’Oréal’s Françoise Bettencourt Meyers: US$30.7 billion

According to Forbes, she signed the Giving Pledge in 2019 and promised to give away half of her wealth over the course of her lifetime.

8. Philanthropist MacKenzie Scott: US$31.7 billion

Google’s parent company Alphabet missed estimates for September quarter profit due to its digital advertising business failing to meet targets

7. Google’s Sergey Brin: US$38.1 billion

In September alone, the French billionaire lost US$4.06 billion due to the effects of new inflation data and hiked interest rates, according to Entrepreneur.

6. LVMH’s Bernard Arnault: US$38.2 billion

His losses amounted to US$39.2 billion, likely also due to Alphabet’s missed targets and declining YouTube ad revenue in its September report.

5. Google’s Larry Page: US$39.2 billion

This year, he shed US$65.7 billion and even lost as much as US$23 billion overnight on October 27 after his online retail company predicted slower sales for the holidays.

4. Amazon’s Jeff Bezos: US$65.7 billion

He purchased Twitter for a hefty US$44 billion. According to Forbes, he also faced financial losses earlier this year when shares of Tesla fell by 8 per cent 

3. Tesla’s Elon Musk: US$66.4 billion

He has accumulated losses  in the cryptocurrency crash that caused digital currencies to lose US$2 trillion in value, according to PBS.

2. Binance’s Changpeng Zhao: US$72.6 billion

The steep fall from grace has been caused by Meta’s declining shares: according to Forbes. The dip has primarily been caused by losses in advertising revenue

1. Facebook’s Mark Zuckerberg: US$87.3 billion