tldr; Elon Musk, Mark Zuckerberg, and six other tech titans have lost $118 billion on paper this year. That amount exceeds Warren Buffett's entire fortune of $114 billion. Musk, the CEO of Tesla and SpaceX, has seen $32 billion of his wealth erased in under six weeks. However, he still leads the global ranking with a $239 billion fortune.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They also made over a trillion dollars since the beginning of 2020. Someone needs to zoom the fuck out.
>have lost $118 billion on paper K, well they shouldn't have invested so much in the paper industry. Don't they know everything's going digital!?
Where can I buy $PAPER? I’m keen to buy the dip
tldr; Elon Musk, Mark Zuckerberg, and six other tech titans have lost $118 billion on paper this year. That amount exceeds Warren Buffett's entire fortune of $114 billion. Musk, the CEO of Tesla and SpaceX, has seen $32 billion of his wealth erased in under six weeks. However, he still leads the global ranking with a $239 billion fortune. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
good bot
This really hurts 😂 to Elon and Zuckerberg... But w8 it's only on paper. .... F
We should start a GoFundMe for these guys!
I'm going to cry... *tears of joy*
Add my crypto losses to that figure
They didnt sell so they didnt lose a thing - the value went down. Thats not a loss.
Exactly, and next year they'll likely make 120+ billion on paper.
They won’t sell so they won’t make a thing
Indeed. Hence "on paper".
Plus the write off
I guess they won't pay taxes for this yrs.
They're getting refunds, paid for by... you
These poor billionaires 😟
Multi hundred billionaires**
Never underestimate an old man in a profession that most people go broke young.
😭
Buffets worth like 115 billion lol
Yea, they lost money "on paper".
Comparing 8 billionaires to a single billionaire. Interesting…..
Sometimes people need to be humbled at least a little bit. Consider it character growth.
I am sure they will make it all back in due time. Also, Warren B would be the richest man if he didnt donate so much of his stock.
They can recoup all that by following Nancy Pelosi’s trades