In the past year, the world has experienced economic volatility due to the ongoing COVID-19 pandemic. As a result, even the wealthiest individuals have not been immune to the financial impact. This is especially true for some of the world’s most prominent tech billionaires.
Google’s co-founders, Sergey Brin and Larry Page, have lost a combined $62.8 billion in the past year, as reported by Forbes. This decline is primarily due to the drop in value of Google’s parent company, Alphabet Inc. In addition to Brin and Page, other tech titans, including Jeff Bezos of Amazon and Elon Musk of Tesla, have also experienced significant losses in their net worth.
Bezos, who was the world’s richest person for several years, has seen his net worth drop by over $20 billion in the past year due to Amazon’s declining stock prices. Similarly, Musk’s net worth has decreased by nearly $10 billion due to the decline in Tesla’s stock prices.
Despite these significant losses, it’s important to note that these billionaires are still some of the wealthiest individuals in the world. Bezos, Brin, and Page are all still worth over $50 billion each, while Musk is worth over $30 billion.
In conclusion, the COVID-19 pandemic has had a significant impact on the world economy, including the net worth of some of the world’s wealthiest individuals. While the decline in wealth amongst tech titans is notable, it’s important to keep in mind that these individuals are still some of the wealthiest in the world, with net worths in the billions. It remains to be seen how the pandemic will continue to impact the global economy and the net worth of the world’s wealthiest individuals in the future.