Jeff Bezos and Elon Musk lose $127 billion

The world’s two richest men, Elon Musk and Jeff Bezos, have lost at least $127 billion in net worth so far this year from recent stock market sell-offs, according to the Bloomberg Billionaires Index, a daily world ranking. the richest people.

Musk, CEO of Tesla ( (TSLA) – Get a Tesla Inc . report), lost $66.5 billion while Amazon lost ( (AMZN) – Get an Amazon.com, Inc. report.) CEO Bezos has seen his fortune drop by $61 billion as of May 23 as a market correction lowered the valuations of their companies. Amazon stock is down 35.4% year-to-date, while Tesla stock is down more than 36.1%.

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