To all those punters (I mean day traders) who thought their account was down today - please spare a thought for these guys
The richest men in the world have lost billions of dollars in the past week as cryptocurrency markets and technology stocks plummet.According to the Bloomberg Billionaires Index, in the last 24 hours
- Elon Musk lost US$12.5 billion ($17.41 billion),
- Jeff Bezos lost US$9.17 billion ($12.78 billion) and
- Facebook – now Meta – CEO Mark Zuckerberg lost US$4.86 billion ($6.77 billion).
- Changpeng Zhao, CEO of the world's largest cryptocurrency exchange Binance, lost an eye-watering US$13.3 billion ($18.53 billion) in one day.
..or not?
Day traders' after-market lounge January 24, page-7
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