'-146 trillion won' Musk, the person who lost the most this year

US Billionaires Suffer 839 Trillion Won Losses This Year
Top Country Losses: US, China, Russia Order

Over the past year, the assets of American billionaires have evaporated by more than 839 trillion won. Among them, the person who lost the most assets was Elon Musk, CEO of Tesla.

According to Forbes on the 27th (local time), the total assets lost by billionaires worldwide this year amounted to $1.9 trillion (about 2,411 trillion won), with losses by American tycoons totaling $660 billion (about 839 trillion won). This rapid evaporation of billionaire wealth was due to the Federal Reserve's aggressive tightening policy this year, which caused tech stock prices to plummet.

Among them, Elon Musk, CEO of Tesla, SpaceX, and Twitter, saw his assets decrease by $115 billion (about 146 trillion won), marking the largest loss not only in the U.S. but also among billionaires worldwide.

This year, Elon Musk, CEO of Tesla, SpaceX, and Twitter, saw his wealth decrease by $115 billion (approximately 146 trillion won), making him the biggest loser among billionaires not only in the United States but worldwide. Photo by AP·Yonhap News

In October, Musk acquired Twitter for $44 billion (about 55.8 trillion won) and sold $23 billion (about 29.2 trillion won) worth of Tesla shares to finance the deal. As of the 27th, Tesla's stock price stood at $109.10 (138,400 won), down about 73% since the beginning of the year.

As a result, Musk ceded the title of the world's richest person to Bernard Arnault (73), chairman of Louis Vuitton Mo?t Hennessy (LVMH), but his net worth remains at $139 billion (about 176.7 trillion won), maintaining his position as the richest person in the U.S. Forbes also reported that most wealthy individuals in the U.S. and worldwide lost assets this year, not just Musk.

In the U.S., following Musk, Amazon founder Jeff Bezos recorded losses of $80 billion (about 101.5 trillion won). Other significant losses included Mark Zuckerberg (founder of Meta, Facebook's parent company) with $78 billion, Larry Page (co-founder of Alphabet, Google's parent company) with $40 billion, Phil Knight (co-founder of Nike) with $18.3 billion, and Leonard Lauder (honorary chairman of Est?e Lauder) with $9.8 billion.

U.S. CNBC reported that Ye (formerly known as Kanye West), a hip-hop star, fashion designer, and entrepreneur, was dropped from the billionaire list after Adidas cut ties due to his anti-Semitic remarks. Additionally, Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, who was indicted on fraud charges, fell from billionaire status to a criminal defendant.

The scale of losses by billionaires by country worldwide ranked as follows: the U.S. with $660 billion, China with $620 billion, Russia with $150 billion, Germany with $120 billion, and Hong Kong with $60 billion.

The U.S. daily The Washington Post (WP) also cited the Bloomberg Billionaires Index on the same day, reporting that big tech tycoons suffered losses of $433 billion (about 550 trillion won) this year. However, amid this asset decline frenzy, the founder of ByteDance, Zhang Yiming, the parent company of TikTok in China, attracted attention by increasing his assets by more than $10 billion (about 12.7 trillion won) to reach $55 billion (about 69.8 trillion won).

This content was produced with the assistance of AI translation services.