The richest tech moguls in the United States have reduced their collective wealth by tens of billions as tech stocks have fallen amid fears of inflation and austerity, according to Bloomberg.
Elon Musk’s net worth – the largest of the tech billionaires – fell $ 15.2 billion on Friday following the loss of shares in Tesla Inc. This development leaves Musk’s fortune at $ 268.9 billion, which is still up 72% year-on-year, according to the Bloomberg Billionaires Index.
Jeff Bezos’s net worth fell $ 2.7 billion as shares of Amazon.com Inc. fell 1.4% in New York, while the co-founder of Oracle Corp. Larry Ellison saw his fortune plummet to $ 2.6 billion. Mark Zuckerberg’s fortune fell $ 1.3 billion to $ 114.7 billion with the recently revamped Meta Platforms Inc. to be on the doorstep of the bear market after falling almost 20% since its recent peak.
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Source From: Capital
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