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"Year Of The Super Billionaire" - World's Richest Earned More Than $1 Trillion In 2021
Tesla billionaire Elon Musk captivated the financial press during Q4 by selling a chunk of his shares in the EV carmaker after asking his Twitter followers whether he should sell or not. But while Archegos secret billionaire Bill Hwang lost his entire fortune in 2021, Musk and other billionaires benefited from the ballooning equity valuations. According to Bloomberg, "for the wealthiest people on the planet, 2021 was a year of enormous gains, extreme losses and unprecedented scrutiny." BBG went on to call it the "Year of the Super Billionaire". And it's not just soaring equity markets; rising valuations of ... (full story)
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