World’s Richest Have Lost $1.4 Trillion In 2022 After Rapid Gains
It’s a stark contrast to last year, when soaring markets boosted the world’s population of high-net-worth individuals by about 8%, including 13% in North America, according to a Capgemini World Wealth report released Tuesday.
As my Grandma sagely asked, “But is it all on paper?”
I was just wondering if the drop in crypto had hurt the oligarchs and drug cartels much.
Elon Musk’s net worth has gone from $340 billion to $197 billion.
Zuckerberg and Bezos have lost about $64B each.
My losses, thank to my skillful stock picking, are less than any of those three.
As soon as I can clear the tears from my eyes, I’m starting a GoFundMe page for these guys.
Poor babies. Let’s zero out government spending on education and infrastructure, so the “JCs” can have another tax cut.
I am actually very good with the rich being much richer.
I am not okay with the level of complete ignorance in other quarters holding onto supply side econ.
The rich get richer with what I am prescribing. Demand side econ.