Elon Musk and Jeff Bezos have lost over $18 billion due to US inflation data that has roiled stock markets
Musk’s net worth decreased by $8.4 billion, while Jeff Bezos’ losses were about $9.8 billion (about Rs 80,000 crore) (around Rs 70,000 crore). Elon Musk, CEO of Tesla, and Jeff Bezos, creator of Amazon, both lost billions on Tuesday as Wall Street saw carnage due to a widespread stock market sell-off following the announcement of higher-than-expected US inflation figures. According to sources, the overall consumer price index rose 0.1% in August and was 8.3% higher than it was a year earlier. According to the Bloomberg Billionaires Index, Jeff Bezos lost around $9.8 billion (around Rs 80,000 crore), while Musk’s net…