A difficult start in August for the net worth of many billionaires, including Jeff Bezos, Elon Musk, Bill Gates, among others, who were not spared by the market turbulence.
Larry Page
Larry Page, co-founder of Google and pioneer of Internet technology, suffered losses of over $4 billion.
Jeff Bezos
Jeff Bezos, chairman and co-founder of Amazon, suffered the biggest daily loss among billionaires following a spectacular fall of over 5% in Amazon shares, reducing the value of his personal fortune by around $8 billion.
Sergey Brin
Sergey Brin, co-founder of Google and a major innovator in the technology sector, suffered losses of $4 billion.
Mark Zuckerberg
Meta CEO Mark Zuckerberg has suffered a loss of over $7 billion on his fortune since the crash. Meta shares are down as much as 7%.
Larry Ellison
Larry Ellison, the chairman of Oracle, has seen his fortune fall by $6 billion. Ellison is known as the co-founder of this major technology company, which specializes in the development of database software.
Bill Gates
Bill Gates, co-founder of Microsoft, saw his personal fortune fall by $3 billion following a 7.4% drop in the company’s shares, during a period of five consecutive days of losses for the company.
Steve Ballmer
Steve Ballmer, former CEO of Microsoft and current owner of the Los Angeles Clippers, suffered $4 billion in losses.
Bernard Arnault
Bernard Arnault, the world’s third richest man and CEO of LVMH, suffered a $3 billion loss on his fortune.
Jensen Huang
Jensen Huang, CEO of Nvidia and an influential figure in graphics technology and artificial intelligence, has seen his fortune shrink by almost $8 billion.
Elon Musk
Elon Musk, CEO of Tesla and revolutionary entrepreneur in the electric car and aerospace industries with SpaceX, has seen his fortune shrink by $6 billion.