Billionaires would never have a bad year... if they didn't exist.
the world’s billionaires fared in 2022.the 12 months that had just gone past “a year to forget,” with almost $1.5 trillion “wiped from the fortunes of the richest 500 alone.”in, lost $1.9 trillion in 2022. Some 148 of the world’s 2,671 billionaires even lost their billionaire status.? Some of America’s deepest pockets.
But honors for the biggest nosedive of all have to go to Elon Musk. The world’s richest man at the start of 2022, MuskSo did all these losses have our billionaires shaking in their boots? Did they start tightening their belts a bit in 2022? Spend less on the world’s most fabulously expensive luxury must-haves?
Not exactly. In fact, not all. The world’s most celebrated purveyors of pure extravagance actually registered record years in 2022. Rolls-Royce had its best-ever annual sales total, selling a record 6,021 “motor cars,” up 8 percent over 2021.on New Year’s Day, “are now happy to pay around half a million Euros for their unique motor car,” a sum equal to about $540,000 in the United States, the company’s single largest market.
“Our order book stretches far into 2023 for all models,” the Rolls-Royce chief added. “We haven’t seen any slowdown in orders.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 Was a Bad Year for Billionaires\u2014But Not Nearly Bad EnoughNo one alive today needs fortunes worth dozens of billions to live astoundingly large. Here's to a world without billionaires.
Read more »
For the economy, bad news is bad news againThis past Wednesday's action in the economy and markets was less than earth-shaking. But it tells us something important about how the intersection of the economic, political, and financial is changing in 2023.
Read more »
Lunar New Year 2022: Austin Public Library rings in Year of the RabbitAustin Public Library's Terrazas Branch kicked off the Year of the Rabbit with a Lunar New Year celebration with a performance from The Love of China School of Dance, crafts, games, and learning opportunities.
Read more »
Lunar New Year: A look at the year of the rabbit and lunar events this yearHere are the names for all the full moons in 2023
Read more »
Why your tax refund this year could be lower than 2022'sDan Roccato, financial professor at the University of San Diego, talks about what tax filers can expect from their refunds this year.
Read more »
2022 was slowest year for US home sales in nearly a decadeSales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade.
Read more »