Bad Start To Q3 — World's Biggest And Wealthiest Have Lost Nearly 10% Since July 1

Zinger Key Points
  • The ultra-wealthy have been dealing with a turbulent Q3, with fortunes shifting notably since July 1.
  • Despite Q3 losses, Musk's net worth soared by $79.2 billion since the year's start. Zuckerberg is up $59.8 billion.

For many, the third quarter of the year is a time of reassessment and strategy readjustment. For the ultra-wealthy, the third quarter started on somewhat of a turbulent note.

Titans of industry, the billionaires who grace the headlines of financial newspapers every day, have seen some shifts in their fortunes since July 1.

We used the fluctuation of share prices, along with Bloomberg Billionaires Index to get an idea of exactly how much the net-worth of the world's richest has shifted since the beginning of the quarter.

The Scoreboard: Winners And Losers Of Q3

NameCompanyShare Price Change From July 1Net Worth
Elon MuskTesla Inc-11.93%$216 Billion
Jeff, Inc+1.33%$159 Billion
Bill GatesMicrosoft Corporation-5.93%$126 Billion
Larry EllisonOracle Corp-5.14%$129 Billion
Mark ZuckerbergMeta Platforms Inc-0.01%$105 Billion
Larry PageAlphabet Inc+7.77%$116 Billion
Warren BuffettBerkshire Hathaway Inc+3.95%$118 Billion
Sergey BrinAlphabet Inc+7.77%$110 Billion
Jim WaltonWalmart Inc-0.03%$71.2 Billion

It's not all bad, though. Here's how they've fared since the beginning of the year.

Read also: Elon Musk, Tesla Expected To Dish Out Payments To Investors Over ‘Funding Secured’ Tweet
NameCompanyYTD Change
Elon MuskTesla Inc+$79.2 Billion
Jeff, Inc+$51.6 Billion
Bill GatesMicrosoft Corporation+$17.0 Billion
Larry EllisonOracle Corp+$37.5 Billion
Mark ZuckerbergMeta Platforms Inc+$59.8 Billion
Larry PageAlphabet Inc+$32.9 Billion
Warren BuffettBerkshire Hathaway Inc+$10.4 Billion
Sergey BrinAlphabet Inc+$30.6 Billion
Jim WaltonWalmart Inc+$7.33 Billion

Read next: EXCLUSIVE: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million — What Does She Know That We Don’t?

Photo: Shutterstock

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