The steep decline in US stock markets, which saw nearly $2 trillion evaporate in a day, has had a significant impact on the wealth of billionaires. Other notable losses include those of Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg.

The “Magnificent Seven” tech giants, including Amazon, Apple, Meta, Alphabet, Microsoft, Nvidia, and Tesla, collectively lost over a trillion dollars, directly impacting the wealth of their founders and major shareholders.

According to Forbes, Amazon founder Jeff Bezos experienced the most substantial loss. His net worth declined by 5%, amounting to a staggering $8 billion. Bezos’s total net worth now stands at approximately $179 billion.

Jensen Huang, CEO of Nvidia, the fastest-growing company this year, suffered a loss of $7.9 billion. His net worth has dropped to $87 billion.

Elon Musk, the world’s richest person and owner of Tesla, SpaceX, and X, also felt the impact of the market downturn. Musk’s net worth decreased by $6 billion to $221 billion.

Other Billionaire Losses:

Mark Zuckerberg: $7 billion

Oracle co-founder Larry Ellison: $6 billion

Google co-founders Sergey Brin and Larry Page: $4 billion each

Microsoft founder Bill Gates: $4 billion

Investor Warren Buffett: $4 billion

Louis Vuitton’s Bernard Arnault (Europe’s richest): $4 billion

Indian industrialist Mukesh Ambani (Asia’s richest): $3 billion

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