Forbes: The richest billionaires in the world lost more than $ 30 billion after the speech of the head of the Fed

The richest billionaires in the world lost more than $30 billion after the speech of the head of the Fed, Jerome Powell, said Forbes with reference to Forbes Real-Time rating data. The speech lasted eight minutes, during which Mr. Powell suggested that interest rates would continue to rise in the future.

According to Forbes, the fortune of the richest businessman in the world, Tesla CEO Elon Musk, has decreased by $5.4 billion. Now his capital is estimated at $257.3 billion. The main owner of LVMH, Bernard Arnault, lost $4.5 billion, his fortune was reduced to $161.7 Billion Amazon founder Jeffrey Bezos’ net worth fell by $6.5 billion to $155.3 billion.

Google founders Sergey Brin and Larry Page lost about $5 billion, investors Warren Buffett and Larry Ellison lost $3 billion each, and Bill Gates lost more than $2 billion.

Indian billionaire and owner of the Adani Group conglomerate, Gautam Adani, has become the only one on the list of the ten richest people in the world who has not lost his money. His fortune grew by $1.6 billion to $140.1 billion.

Estimated Bloombergthe richest Americans lost up to $78 billion in total after Jerome Powell’s speech.

Billionaires’ wealth plummeted after Jerome Powell, in his speech, allowed interest rates to rise in order to curb inflation. Against the background of this statement, the American stock market sank. The S&P 500 plunged 3.4%, its worst performance since mid-June. The Nasdaq 100 index, which includes stocks of Microsoft, Amazon, Tesla and Alphabet, showed a drop of more than 4%.

On the consequences of high inflation in the United States – in the material “Kommersant” “Setting off automatically”.

Olesya Pavlenko