Americans' net worth has plunged in 2022 — and billionaires are the biggest losers

US household wealth has fallen between $5 trillion and $8 trillion so far this year amid an intense market selloff, according to JPMorgan Chase. The wealth wipeout comes on the back of heavy losses in equities. The S&P 500 is down about 20% year-to-date and the Nasdaq 100 is down about 30% in the …

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