Five billionaires — Elon Musk and Jeff Bezos among them — have each lost more than $50 billion this year alone.
Even the most chipper tycoon might feel a pang of humility upon seeing an 11 -figure sum evaporate from his personal balance sheet.
In good times, billionaires enter into a friendly competition over who can have the biggest and most expensive toys: yachts, castles, art, islands, jets, that kind of thing. But during times like these, such competition is replaced by a desire to preserve wealth, rather than spend it.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Take Five: Recession talk justified? Follow the dataA deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.
Weiterlesen »
Five Things We Learned From Kendrick Lamar's 'Mr. Morale and the Big Steppers'5 things we learned from Kendrick Lamar's 'Mr. Morale and the Big Steppers': A packed guest list, some potentially controversial moments and a possible 'song of the year'
Weiterlesen »
Kendrick Lamar returns with first new album in five years, 'Mr. Morale & the Big Steppers'The 18-track album features an eclectic mix of guests, including Ghostface Killah, Portishead's Beth Gibbons, Kodak Black, Summer Walker and Sampha.
Weiterlesen »
Rams will play Buffalo Bills in NFL season opener: Five takeaways on matchupMust-see NFL TV: The Super Bowl champion RamsNFL will host JoshAllenQB and the BuffaloBills in the NFL kickoff opener. LATimesklein on why it's a big deal.
Weiterlesen »
When will kids under five finally get vaccinated?The latest info on the vaccine's effectiveness, side effects and when it will become available for our littlest kids.
Weiterlesen »