The World’s 500 Richest People Lost $1.4 Trillion in the First Half of 2022

It's the biggest drop in their wealth ever recorded.

So far this year, though, people’s fortunes have taken a turn for the worse. At the beginning of 2022, 10 people in the world were worth more than $100 billion. Now that number is only four., who used to be in the top 10, has lost more than half of his wealth, bringing him down to $60 billion and No. 17 on the list of the world’s richest people.

Despite the losses, they’re probably still looking into areas ripe for investment, Thorne Perkin, the president of an asset-management fund, told Bloomberg. “Often their mindset is a bit more contrarian,” he said. “A lot of our clients look for opportunities when there’s trouble in the streets.”

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