We are ready to enter the second month of 2022, and the first month itself has been a rollercoaster.

If the crypto market crash and omicron surge weren’t enough, Another highlight of January 2022 was that the richest people in the world lost billions.

How the richest billions lost

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The world’s richest people, which mostly include tech billionaires, have seen their net worth take a hit in the first weeks of 2022which makes them lose billions.

The only exception that remains is the great Warren Buffett.

A recent sharp drop in tech stocks in the past week is believed to took the fortunes of billionaires plummeting, with the world’s richest person, Tesla CEO Elon Musk, taking a whopping $54 billion hit so far this year in 2022.

But despite selling the tech, Musk’s $216 billion fortune still makes him the richest person in the world, worth almost twice as much as Warren Buffett.

Among others on the world’s richest list, Amazon founder Jeff Bezos lost an estimated $27.8 billion, Google founders Larry Page and Sergey Brin both lost more than $27.8 billion. $12 billion each, and the wealth of Facebook CEO Mark Zuckerberg was hit by $15.2 billion.

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Warren Buffett – The Only Exception

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And of all those richest people, only Warren Buffett has seen his net worth rise, not fall.

Buffett earned around $2.4 billion, bringing his total figure to $111 billion. According to the Bloomberg Billionaire Index, last week Warren Buffett overtook Mark Zuckerberg in the global wealth rankings. It was apparently in 2018 when Zuckerberg last passed Buffett in the wealth rankings.

Unlike most other CEOs and wealthy people whose net worth is largely tied to their tech companies, Warren Buffett’s Berkshire Hathaway stood out thanks to his broadly diversified portfolio. this allowed him to overcome tech sales and not only prevent a fall, but actually increase net worth.

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