World’s Richest Men, Jeff Bezos And Elon Musk Lose $18 Billion Amid Russia-Ukraine Crisis

World’s richest men, Jeff Bezos and Elon Musk lost a sum of $18.71 billion in a single day, following the invasion of Ukraine by Russian troops on Thursday.

Elon Musk, the CEO of Tesla and the founder of SpaceX, saw his net worth plummet to $199 billion following a $13.3 billion loss, bringing his year-to-date loss to $71.7 billion.

According to the Bloomberg Billionaires index tracker, this is the case.

Exactly the same. Jeff Bezos, the world’s second richest man and the CEO of Amazon, had his net worth drop by $5.41 billion.

RELATED: Bitcoin Falls Below $35,000 As Russia Attack Ukraine

Bringing his total net worth to $169 billion and his year-to-date loss to $22.9 billion.

The announcement that Russian troops had invaded some sections of Ukraine prompted selloff feelings in many markets, resulting in a drop in both of their net worths.

The crypto market, for example, fell sharply in the early hours of Thursday.

The crude oil market, on the other hand, saw bullish trade, owing to the tensions between Ukraine and Russia.

The world’s largest oil producer. During intraday trade, Brent reached a high of $95 per barrel.

Tesla stock was selling at $764.04 per share on Wednesday, February 23rd, down 7% from the previous trading session.

Meanwhile, as of press time, the stock had gained 2.91 percent to trade at $787.02.

According to trading economics global macro models estimates, Tesla stock will trade at $748.27 by the end of this quarter and $703.84 in a year.

Amazon, on the other hand, took a beating, trading at $2,896 on Wednesday, down $107.41 from the previous trading season.

The stock price of Amazon has dropped 1.66 percent year over year.

Meanwhile, according to trading economics global macro models, Amazon stock will be worth $2,836 by the end of the quarter and $2,668.24 in a year.

Stock markets reacted unfavorably to news of Russia’s invasion of Ukraine, with sell-offs taking place in some of the world’s most important financial markets.

According to the Wall Street Journal, European stock markets have plummeted, while commodity prices have surged.

In addition, Russia’s stock market dropped by over half, and the Russian currency hit a new low versus the US dollar.