For the first time since the Great Recession, the super-rich did not get richer this year.

After a roaring 2021, the 400 richest people in the U.S.–along with many Americans–have been hit by rising inflation and falling markets. As a group, this year’s Forbes 400 is $500 billion poorer than they were a year ago. Their total net worth stands at $4 trillion, down 11% from last year. READ MORE