US Market Crash: Jeff Bezos drowned 80,000 crores in just one day, Elon Musk also suffered huge loss

Jeff Bezos Net Worth: Inflation figures have been released in America on Tuesday, after which there has been a big decline in the stock market there. Because of this, there has been a big decline in the wealth of the world's richest billionaires. Inflation figures have dealt a big blow to Wall Street.

Jeff Bezos's wealth decreased by Rs 80,000 crore

According to the Bloomberg Billionaires Index, Jeff Bezos's wealth has declined by $ 9.8 billion (about Rs 80,000 crore) in one day. During this, the biggest decline has been seen in the property of Jeff Bezos. After this, Elon Musk's wealth has slipped by $ 8.4 billion (Rs 70 thousand crore).

And how much damage was done to whom?

According to data released by Bloomberg, the net worth of Mark Zuckerberg, Larry Page, Sergey Brin, and Steve Ballmer declined by more than $4 billion, while Warren Buffett and Bill Gates lost $3.4 billion and $2.8 billion, respectively. Damage occurred.

US market breaks 1300 points

After the fall in the US markets, the Dow Jones slid about 1300 points and the S&P also saw a fall of 500 points. Let us tell you that the retail inflation rate in America has been at 8.3 percent in the month of August. Apart from this, there is a big fluctuation in the prices of food items and energy in the US market.

Figures worse than expected

The figures in the US have come out much worse than expected. Because of this there has been a big decline in the market. The Federal Reserve may once again increase the interest rate by 0.75 percent in the meeting to be held next week. For this reason, as soon as the inflation figures came, there was an all-round sell-off in the US stock market.