Shulou(Shulou.com)11/24 Report--

According to news in the morning of January 9, Beijing time, it is reported that in 2022, just ended, global technology stocks fell sharply, and the wealth of technology tycoons also plummeted. According to statistics, last year, the personal wealth of the world's top 10 tech tycoons lost a total of $575 billion (currently about 3.93 trillion yuan).

There are many reasons for the collapse of technology stocks, including rising inflation in many countries around the world, the strong exchange rate of the dollar, and the impact of the downturn in the online advertising industry.

According to the Bloomberg Billionaires Index, here are some of the decline in wealth of some of the world's leading tech tycoons in 2022:

Steve Ballmer, former CEO of Microsoft, lost $19.4 billion

Ballmer was CEO of Microsoft from 2000 to 2014. He owns a lot of Microsoft stock, and his personal wealth is closely linked to Microsoft stock price. At the end of last year, Ballmer's personal wealth totaled $86.2 billion.

Microsoft's business growth slowed in 2022, mainly due to a decline in global demand for personal computers, a stronger dollar and a decline in sales of Microsoft's Windows operating system. Microsoft shares tumbled 28% last year. In the new year, Microsoft reminded investors that global PC sales will remain depressed.

Bill Gates, co-founder of Microsoft, lost $28.6 billion in wealth

By the end of last year, Gates' personal wealth totaled $110 billion. Gates' wealth is widely distributed, including equity interests in many invested companies, real estate, land, and so on. But Gates' Microsoft stock remains the most important part of personal wealth.

For reasons such as Microsoft's business downturn and share price changes, please see the Ballmer section above.

Mackenzie Scott, novelist and philanthropist, lost $37.3 billion last year

Mackenzie, the ex-wife of Bezos, the world's richest man, currently owns a 3 per cent stake in Amazon and is an important source of personal wealth. Last year, Amazon shares plunged by nearly half, affecting Mackenzie's wealth. By the end of last year, her personal wealth totaled $19 billion.

At the end of last year, Mackenzie said in a blog post that $2 billion had been donated to 343 charities in 2022, mainly to support communities where benefits were lacking.

Sergey Brin, co-founder of Google, lost $44 billion

Last year, the downturn in the global online advertising industry hit technology companies that rely on online advertising, such as Google, and Brin and Google co-founder Larry Page lost a total of $89 billion in personal wealth last year. By the end of last year, Brin had a personal wealth balance of $79.5 billion.

Like Page, Brin's main personal wealth is an equity stake in Google's parent company, Alphabet.

Larry Page, co-founder of Google, lost $45.3 billion

At the end of last year, Mr Page's personal wealth totaled $83.1 billion, mainly from his 6 per cent stake in Google's parent company, Alphabet.

Last year, Alphabet slowed social hiring and is reported to have cut employee travel and field benefits.

Mark Zuckerberg, CEO of Meta, lost $79.9 billion

At the end of 2021, Zuckerberg was the sixth richest person in the world, but at the end of last year, Zuckerberg ranked only 25 on the global rich list, with a total personal wealth of $45.6 billion.

The revenue of Meta, which was renamed by Facebook, fell sharply last year, mainly due to the risk of recession in the global economy and a downturn in the online advertising market.

Last fall, Meta laid off 11000 employees to cut operating costs. At the same time, however, Zuckerberg is obsessed with the so-called meta-universe concept and is still investing heavily.

Jeff Bezos, founder of Amazon and Blue Origin, lost $85.2 billion

Bezos resigned as Amazon's chief executive in 2021, but remains the company's largest shareholder. Amazon's share price nearly halved last year, and Bezos's personal wealth fell to $107 billion at the end of last year.

Elon Musk, CEO of Tesla, SpaceX and Twitter, lost $132 billion

Mr Musk recently lost his crown as the world's richest man (replaced by Bernard Arnault, chief executive of LVMH, a French luxury goods group). By the end of last year, Musk was still the second richest person in the world with a total personal wealth of $138 billion.

But according to Guinness World Records, Musk has lost nearly $200 billion in net worth since November 2021, breaking the Guinness World record for the largest loss of personal wealth in history.

Most of Musk's wealth comes from the shares of Tesla, but last year, Tesla's share price plummeted nearly 70%, one of the reasons for the collapse was that investors worried that Musk would invest too much energy in the Twitter company he acquired, which would affect Tesla's business development.

Another reason for the impact on Tesla's share price is the low demand in the global pure tram market.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.