KUALA LUMPUR (Feb 1): The five richest individuals on the planet lost a collective US$108.9 billion in the first month of January 2022. In January, billionaires lost substantially, as everything from e-commerce to cryptocurrencies to online gaming tumbled. According to the Bloomberg Billionaires Index, Tesla co-founder and self-proclaimed “Technoking of Tesla” Elon Musk maintained his top spot with a total net worth of US$220 billion, despite losing US$50 billion. In the second spot is the world’s former richest man, Amazon’s Jeff Bezos, with a wealth of US$169 billion, losing US$23.4 billion over the month. The Bloomberg Billionaires Index is a daily ranking of the world’s 500 richest people.

Source: The Edge Markets February 01, 2022 14:49 UTC