Jakarta, CNBC Indonesia – The wealth of the world’s 500 richest people has lost US $ 1.4 trillion (Rp 20,596 trillion) this year. In a Bloomberg Billionaires Index report, Tesla boss Elon Musk lost US$73.2 billion or Rp. 1.076 trillion with his fortune of US$197.1 billion.
But the biggest loss was experienced by Changpeng Zhao. The Binance CEO’s wealth disappeared to US $ 85.6 billion (Rp 1,257 trillion) and left US $ 10.2 billion (Rp 149.8 trillion).
The other three people who have lost their fortunes are Amazon founder Jeff Bezos (US$65.3 billion or Rp. 959 trillion), Meta boss Mark Zuckerberg (US$64.4 billion or Rp. 946 trillion), and Bernard Arnault (US$56.8 billion or IDR 834 trillion).
The loss of wealth is said to be due to global financial markets weakening under the weight of higher interest rates and inflation concerns.
The Chinese government’s crackdown on technology companies and a cooling real estate market are also to blame. But NDTV noted to be a boon for the US stock market, helping to increase everything from cryptocurrencies to property values.
But it eventually reversed as inflation picked up and concerns grew over how sharply the Federal Reserve would raise interest rates.
The data shows that the ranking of the rich in the Asia and Pacific region increased by only 4.2%. That result lags behind Europe and lags far behind North America, which has dominated the growth of the wealthy over the past decade.
The United States (US), Japan, China and Germany remain at the top for the abode of the rich. The Capgemini report says these four countries are home to nearly 64% of people with the highest net worth globally.
The Capgemini report describes the Covid-19 pandemic and monetary response in favor of the economic elite and where they live.
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