The bigger you are, the bigger you loseHere is a featured article from Business Insider, and I encourage you to follow the site. As individuals accumulate more wealth, they have more to lose. His wealth this year has shrunk by $140 billion, bringing his net worth to roughly $130 billion, according to the Bloomberg Billionaires Index. Larry Page and Sergey Brin, the cofounders of Google’s parent company Alphabet, lost roughly $91 billion in 2022. Still, this recent event reminds us that their profits are humongous when they profit, but when they lose, their losses can also be enormous.

Source: Philippine Star January 07, 2023 20:42 UTC