Richest Americans Lose $93 Billion After Inflation-Fueled Stock Rout – Bloomberg

Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Series focused young entrepreneurs making their mark
Your Saturday UK Briefing: An Orderly Queue and a 15-Minute Vigil
ECB Taps Amazon, Four Others to Pitch Digital Euro Prototype
PetSmart’s Quarterly Sales Climb 7.5% as Retailer Bets on Private Labels
Elon Musk Enters In-Flight Wi-Fi Market With Small Satellites
ECB Taps Amazon, Four Others to Pitch Digital Euro Prototype
Elon Musk Enters In-Flight Wi-Fi Market With Small Satellites
Texas Social-Media Law on  Web Censorship Upheld by Federal Appeals Court
French TV Operators TF1, M6 Call Off Merger on Antitrust Hurdles
Biden Warns Putin Against Using Nuclear or Chemical Weapons
Voter Purges May Be Illegal 90 Days Before an Election — Republicans Are Trying Anyway
Phil Falcone Uses Apollo Court Claim to Secure Loan From Michael Dell
Playboy Sells ‘Big Bunny’ Jet to Family Office for $17.5 Million
Once Home to a Princess, Malta Remembers the Queen
Puerto Rico Under Hurricane Watch as TS Fiona Approaches
Whatever Happens Next in Ukraine, Russia Loses
Don’t Want Later Abortions? Make Early Ones More Accessible
Gen Z Looks to Bring Its Impatience to Congress
An Auto Designer at GM Says Getting an MBA Helped Her ‘Stand Out’
Hollywood Effects Artists Say It’s Time to Unionize
FTC Joins Push for Rules on Trade of Smartphone Location Data
Angolan Lawmakers Elect Nation’s First Female Head of Parliament
Disney Shows Adjusted Pay Data by Race and Gender for First Time
The Affordable Electric Vehicle Is Still Mostly Fantasy
Japan Urges Evacuations in the Southwest as Typhoon Nears
A City-Building Video Game With a Giant Twist
California Sees Warning Sign From Weak Tax Revenue Collections
Can Britain’s Endangered Department Stores Be Saved?
ECB Taps Amazon, Four Others to Pitch Digital Euro Prototype
Key Player In Ethereum Infrastructure Infura Rejects Centralization Claim
Ethereum Offshoot Token Tumbles After Forking From Blockchain
The fortunes of America’s richest billionaires tumbled on Tuesday by $93 billion, the ninth-worst daily loss ever, as hotter-than-expected US inflation data roiled markets.
Jeff Bezos’s wealth plunged by $9.8 billion, the most among those tracked by the Bloomberg Billionaires Index. Elon Musk’s net worth dropped by $8.4 billion. The fortunes of Mark Zuckerberg, Larry Page, Sergey Brin and Steve Ballmer all declined by more than $4 billion, while Warren Buffett and Bill Gates lost $3.4 billion and $2.8 billion, respectively. 

source