• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Vigilant News

Vigilant News

Eternal Vigilance is the price of liberty.

  • News
  • Badlands Rumble

Wealth

World’s Billionaires Watch $1.4 Trillion in Wealth Swirl Down the Crapper Amid Market Turmoil

By Ryan Delarme, June 16, 2022

Ryan DeLarme,
June 16th, 2022

The Bloomberg Billionaires Index, A daily ranking of the world’s richest individuals, shows a vast amount of wealth disintegrating this year as the Federal Reserve’s blunders -intentional or not– have triggered cross-asset implosions.

The 500 wealthiest people -on the books at least- lost a shocking $1.4 trillion this year alone. On Monday’s stock market rout, billionaires lost $206 billion.

Binance CEO Changpeng Zhao experienced the steepest losses amid the crypto meltdown. Bloomberg’s data shows he lost a whopping $85.6 billion as of Tuesday. His total net worth is now only $10.2 billion.

Only $10 billion? He might as well file for bankruptcy!

Jeff Bezos is next on the list, losing $66.8 billion this year, with a total net worth of $125.5 billion. Mark Zuckerberg lost $64.4 billion, now only worth $60.9 billion. Elon Musk lost $61.6 billion but still secured a solid $208.7 billion stockpile of wealth as the world’s richest person. Doesn’t your heart just ache for these guys?

Bezos, Musk, Bernard Arnault (top luxury designer and CEO of luxury goods company LVMH), Warren Buffet, and Bill Gates round out the top five spots for the world’s wealthiest people. 

In contrast, the largest gainers of net wealth this year include Indian billionaire Gautam Adani and Dubai-based Swiss billionaire entrepreneur Guillaume Pousaz. 

In a separate report via Capgemini World Wealth we see the monetary response by global central banks increased the world’s population of high-net-worth individuals jumped 8% in 2021. It showed that the US, Japan, China, and Germany are home to 64% of the world’s billionaires. 

Gains in net worth first began to reverse in late 2021 when the Federal Reserve and other central banks started to communicate to markets about how an inflation problem (now a stagflation caca-storm) would be met with hawkishness or rate hikes. Global stocks reversed in late December and have been spiraling lower ever since.

It will only take a few oversized rate hikes by the Fed this summer to get recession fears to flourish and market participants to start pricing in the next round of easing — that will be the moment when billionaires get richer. 

Ryan Delarme

Ryan DeLarme is a disillusioned journalist navigating a labyrinth of political corruption, overreaching corporate influence, high finance, compromised media, and the planned destruction of our constitutional republic. He is also a Host and Founder at Vigilant News. His writing has been featured in American Thinker, Winter Watch, Underground Newswire, and Stillness in the Storm. He also has written scripts for television series featured on Rise.tv. Ryan enjoys gardening, creative writing, and fighting to SAVE AMERICA

Primary Sidebar

SEARCH OUR ARCHIVES

Memetics

BOOK OF THE MONTH

Pine Needle Extract by Ascent Nutrition

New Posts

Vigilant News 12.4.23 Iranian Cyber Attack Narrative Seeding, Meat Eaters Strike Back
Vigilant News 12.4.23 Iranian Cyber Attack Narrative Seeding, Meat Eaters Strike Back
8 hours ago / Uncategorized
Fetterman Calls on Senate to Boot Mendez After Santos Expulsion
Fetterman Calls on Senate to Boot Mendez After Santos Expulsion
In a surprising move of partisan-transcending integrity, Congressman John Fetterman calls for the suspension of New Jersey Democratic Sen. Bob Menendez as the House expels George Santos
1 day ago / News, Politics, Ryan DeLarme
U.S. Banks Desperately Try to Stay Open Amid a Flood of Branch Closings.
U.S. Banks Desperately Try to Stay Open Amid a Flood of Branch Closings.
JPMorgan Chase will close a total of 159 local branches by the end of this calendar year
1 day ago / Economy, Ryan DeLarme
Vigilant News 11.20.23 MSM Has Already Chosen Their Next Republican Candidate, Tranhausen by Proxy
Vigilant News 11.20.23 MSM Has Already Chosen Their Next Republican Candidate, Tranhausen by Proxy
2 weeks ago / Uncategorized
The WHO's Monumental Power Grab is Still on the Table
The WHO’s Monumental Power Grab is Still on the Table
The "WHO CA+", colloquially known as the "Pandemic Treaty", seeks to elevate the WHO to a de facto world-governing body in the event of another pandemic.
3 weeks ago / Health, News, Ryan DeLarme
Vigilant News 11.13.23 Trump Offensive, Assange Extradition Withdrawal, Armstrong Exposes Cabal
Vigilant News 11.13.23 Trump Offensive, Assange Extradition Withdrawal, Armstrong Exposes Cabal
3 weeks ago / Uncategorized
Calls for Biden to Withdraw Assange Extradition Gains Bipartisan Support
Calls for Biden to Withdraw Assange Extradition Gains Bipartisan Support
16 Democratic and Republican members of Congress call for president Biden to withdraw US extradition request against WikiLeaks publisher Julian Assange
3 weeks ago / Law, News, Ryan DeLarme

Freedom prospers with real news. 

You can unsubscribe anytime.

Thank you!

You have successfully joined our subscriber list.

.

Thanks for your support

Footer

Menu

  • News
  • Privacy Policy
  • About us
  • Contact us

Tags

aflds Ben Bartee Biden Biden Administration Bill Gates CDC China Climate Change Congress DOJ Donald Trump Economy Elections FBI Finance GOP Hillary Clinton Hunter Biden Inflation J6 Jan 6th Committee Joe Biden John Durham Justin DesChamps Kari Lake Law Liz Cheney memes Michael Sussmann Midterms MSM news Polls Primaries Roe v Wade Russia SCOTUS Supreme Court trump Twitter Ukraine vigilant news show WEF WHO why we fight

Copyright © 2023 · vigilant.news