For the first time since the Great Recession, the superrich did not get richer this year. As a group, this year’s Forbes 400 is $500 billion poorer than they were a year ago. Tech tycoons have lost a combined $315 billion, as their stock prices have plummeted and the gushing spigot of venture capital money has slowed to a trickle. 41 people fell from the ranks this year, including Yahoo’s Jerry Yang, Rivian’s RJ Scaringe and, thanks to the crypto winter, the Winklevoss twins.Read Long Article
