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المشهد العربي
Global billionaires face losses from US inflation
Global stock markets, especially in the United States, experienced a sharp decline following the release of September inflation data, which came in higher than expectations. This resulted in billion-dollar losses for major billionaires. Elon Musk lost more than $25 billion of his wealth, bringing his total to approximately $944 billion. Meanwhile, Michael Dell's fortune dropped by over $20 billion to around $256 billion, a decline of more than 7%. The wealth of Larry Ellison, Mark Zuckerberg, Jensen Huang, Jeff Bezos, Larry Page, and Sergey Brin also suffered, reflecting how rising inflation impacts stock valuations and the assets of leading investors.
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