Recently the very richest Americans have been racking up large losses, partly reversing their huge gains in the wake of the coronavirus pandemic. After adding $1.2 trillion to their collective net worth in 2020 and 2021, Americans on the Bloomberg Billionaires Index have lost more than half a trillion dollars, or about 15.2% of their wealth since the beginning of the year.
-With assistance from Ben Steverman.
This article was provided by Bloomberg News.