the billionaires who have lost the most over the course of the last 12 months. The financial data used in the study spans the period between March 2022 and March 2023. The basic information is provided by Forbes, while our team has performed calculations and thorough analysis. The study looks at the root causes that have led to some changes in the World’s Billionaires List.
Among the various findings within the report is the combined loss of Google’s co-founders, Larry Page and Sergey Brin in the past 12 months. Below, we take a closer look at the current state of their fortunes.
Key takeaways from our report:
* Larry Page and Sergey Brin have parted with a collective loss of $62.8 billion over the past 12 months.
* Google (Page and Brin) has lost more than Microsoft (Gates and Ballmer) – $62.8 vs $35.7 billion.
* On February 6, 2023, Google’s experimental AI service, Bard, was launched. Following a wrong answer by the chatbot given in a promo tweet, Google’s parent Alphabet shares fell in value by approximately 7%.
* Alphabet’s first-quarter report for 2023 points at a 3% revenue rise to $69.79 billion compared to $68.9 billion in 2022. Although the results surpassed analysts’ estimates, this one-digit increase is not consistent with over two decades of quick company expansion.
We believe our study will spark your audience’s interest. You can take a look at the full report here. It includes detailed study results and an infographic you may use for publication by providing a proper link attribution to our original analysis.