IT was a wild week for the very richest in the world. U.S. stocks ticked up slightly in the past week – the S&P 500 index rose 2.5% and the Nasdaq ended up 4.3%, after the U.S. Commerce Department’s personal consumption expenditure index showed prices rising more slowly last month than they had been. Still two of the top ten richest people in the world had rather unusual weeks, posting one of the biggest gains and one of the biggest losses ever.
Indian billionaire Gautam Adani lost a stunning $31 billion, or 24% of his fortune, while Elon Musk gained nearly as much, thanks to a strong quarterly earnings report. We tracked the change in fortunes from the market close on Friday January 20 through the end of the day Friday January 27.
Here’s how some of the world’s richest people fared this week.
The net worth change is from close of markets Friday, January 27.
R&I ~ MJM
FoundingFrog
Article URL : https://www.forbes.com/sites/gabrielalopezgomes/2023/01/28/who-got-rich-elon-musk-and-who-got-poor-gautam-adani-this-week/