These tech moguls lost a combined $433 billion this year

But don\u0027t worry \u002D\u002D they are far from destitute

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Tech stocks fell dramatically in 2022 as the pandemic sales bump that boosted many of them waned. Tech giants, which have grown at breakneck paces for the past decade, began hiring freezes and massive layoffs.Article content The broader markets also nosedived this year as investors and companies grappled with war overseas, rising inflation and interest rates and increasingly budget-strapped consumers. Billionaires who made their fortunes in non-tech industries also shaved fortunes from their net worths.Article content

SpaceX’s Elon Musk waves while providing an update on Starship, near Brownsville, Texas, Feb. 10, 2022.Elon Musk lost $132 billion in net worth this year, a loss that exceeds the fortunes of each of the other wealthy men on this list.

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