The world's 10 richest people including Elon Musk and Jeff Bezos lost $250 billion in the first half of this year

The net worth of the 10 richest people in the world has fallen by $250 billion this year.

The fall in US stock markets in 2022 has made those on the list less wealthy. Their net worth is a large part of their holdings.

The S&P 500 lost more than 20% of its value in the first half of the year, making it the worst first half for the index since 1970.

Bill Gates, Musk, Bezos, and Arnault, the CEO of Louis Vuitton, have all taken big hits to their fortunes. At the beginning of the year, the majority of billionaires on the 500 strong index were worth more.

Since the start of the year, Musk and Bezos have lost a combined $120 billion from their wealth.

Since the beginning of the year, the share price ofTesla has slumped by 43% due to economic uncertainty, while the share price ofAmazon has fallen more than 30%.

The net worth of the two Indians on the list has gone up by $22.10 billion and $3.05 billion respectively.

Adani runs ports and India's largest coalmine, benefiting from rising commodity prices this year amid tight supply chains.

The world's largest oil refinery complex is owned by an industrialist who has seen the price of oil soar since Russia invaded Ukraine.