Some people are born with silver spoons in their mouths, lying down on beds of dollars, and earning money even when they sleep. Some people come up with brilliant ideas, work hard, and end up as billionaires, but then, on the other hand, some people work really hard for hours, taking even two, or three jobs while still living from paycheck to paycheck…

Here's an interesting fact for you, this year, it isn't the wealth that surprisingly fell down, nor the London Bridge, it is actually the top billionaires’ net worths that have fallen down by a combined $800 billion (AUD)!


In life, as they say, you aren't always at the top, sometimes you rise, sometimes you fall. It's inconsistent. Sometimes you lose money, sometimes you make money.

Now, here’s our list of top 5 billionaires who have lost a generous portion of their wealth:


1. Elon Musk

The bird seems to be flying away from Musk, the world's richest man who just recently put his $62 billion (AUD) on hold after his acquisition of Twitter which has made him lose $97.6 billion (AUD), the biggest loss among the losses of any person on our list. Now, he has a net worth of $284 billion (AUD), more than enough to keep him at the top of the richest people in the world.



2. Jeff Bezos

Bezos, the second richest man in the world and the former founder of Amazon after he stepped down to focus on his space travel company Blue Origin, has lost $86.3 billion (AUD), his net worth is now at $250 billion (AUD). It was just recently that the Amazon workers won the battle to form its first workers union, but there is yet to be any data or official statement from Amazon implying that the union contributed to its fall.


3. Bernard Arnault

Arnault, the chairman and CEO of LVMH, the world's largest luxury-goods company, will have to make up for the things he has missed this year so far. He has lost $73.7 billion (AUD), and his net worth is now at $173 billion (AUD).


4. Bill Gates

Gates might have found that the windows to his fortune have closed this year (sorry, we had to), as the world's fourth-richest man and the former CEO of Microsoft after he left to become a full-time philanthropist. He has lost $76 billion (AUD). His net worth is now at $180 billion (AUD).


5. Mark Zuckerberg

‘Sad reacts’ for Zuckerberg, the founder and CEO of Facebook as he has lost $76.4 billion (AUD). His net worth is now at $100.8 billion (AUD).

And there you have it, the top five billionaires who have lost a portion of their wealth this year so far. As you can see, they are all still very wealthy individuals nevertheless. This just goes to show that even the richest people in the world are not immune to economic downturns.


According to the latest figures compiled by Bloomberg Billionaires Index, the combined $800 billion (AUD) loss of the billionaires is due to the tanking stock market.

Click here to learn more about the plummeting stock market.

What do you think about this article? Do you think that the economy is fair? Let us know in the comments below!