Soaring inflation and market declines in the past year have pummeled Americans in their pocketbooks and portfolios, and the latest numbers show even the super-rich have taken a hit.shows the group is collectively worse off financially than in 2021 due to the downturn in the economy, and the minimum net worth needed to make it on to The Forbes 400 fell for the first time since the Great Recession.
As a whole, the elites are $500 billion "poorer" and saw a drop in net worth of $4 trillion, equating to a decline of 11% from 2021, according to the outlet that ran the numbers using stock prices as of Sept. 2. BILLIONAIRE ENTREPRENEUR WARNS OF THE PERILS OF GOING GREEN TOO FAST: YOU CAN'T TAKE A NATION TO ITS KNEES
Meta CEO Mark Zuckerberg speaks about the new Facebook News feature at the Paley Center For Media on Oct. 25, 2019 in New York City.
Good.
Won’t someone think of the billionaires!
So is everyone else!
But there still rich! Ha Ha Ha Jokes on you!
I feel their pain, really, really I do.
They all sold before the crash tho...
So in other words they lost money from the crazy profits they made in 2020 Welcome them to the reality of inflation How about some stats regarding how it's impacting everyday people, from low income to high How about monthly vs yearly vs previous years on the cost of living
You don’t have to be a billionaire to be more poor in 2022. I also feel a bit of a sting from higher prices but taxes in America are out of control.
👍FJB 😆
We all are!🤦♀️🤡🌎