Richest Americans Lose $93 Billion in one day

America’s richest billionaires lost $93 billion of their fortune on Tuesday, selloff in the US stock market after the country's inflation data rose more than expected.

Jeff Bezos suffered the most by losing $9.8 billion. The world’s richest man Elon Musk’s wealth dropped by $8.4 billion, making second place on the list, while Meta’s Mark Zukerberg’s net worth shirked by $4 billion.

Overall, the world’s 500 richest people are worth about $1.2 trillion less than they were at the start of the year. Zuckerberg, chief executive officer of Meta Platforms Inc., has lost $68.3 billion, or about 54% of his fortune, while Binance CEO Changpeng Zhao is down $61 billion, or about 64%.