Billionaires Mark Zuckerberg the founder of Facebook, Elon Musk CEO of Tesla, SpaceX, and Neuralink, and Jeff Bezos CEO and founder of Amazon lose a total collection of $25 billion!
Billionaires Mark Zuckerberg is well known for one thing and that thing is something that almost everybody knows about, Facebook. The eccentric entrepreneur was able to grow a small site into a multibillion company that continually generates billions of dollars and is not even close to finishing.
Elon Musk, the billionaire who does almost everything from being the CEO of Tesla, SpaceX, Neuralink, and also being involved in Solar City, The Boring Company, and also other previous successes like creating what is now known as PayPal is currently part of the three big names that lost a lot of money.
Last but not the least, Jeff Bezos, the CEO, and founder of the biggest online e-commerce known as Amazon changing the world introducing the next generation of shopping is also losing a lot of money!
They all lost a huge ton of money
Mark Zuckerberg, Elon Musk, and Jeff Bezos are three of the richest Big Tech executives are all losing a collective $25 billion that drops their total net worth just after the recent market sell-off on Thursday. The data was all compiled by Robert Frank of CNBC. The actual S&P 500 tech sector has closed down by 5.8% on Thursday. This drags the markets all down into the red.
The dramatic drop is what has shaved a couple of billions off of the net worth of these three billionaires. Although deemed as part of the richest people in the whole wide world, their own wealth was not excepted from the wealth balloon that popped after tech stocks started getting higher and higher.
How much did the billionaires lose?
Amazon’s stock went all the way down and closed by 4.63%. This meant that CEO Jeff Bezos took a $9 billion hit to his net worth. Although he is still part of the other billionaires, it’s still a huge amount to drop just suddenly.
Tesla’s stock also went all the way down finally closing at 9.02 making the CEO Elon Musk lose a total of about $9 billion as well. For some magical coincidence, Elon Musk lost about as much as Jeff Bezos lost. The two billionaires still retain their status.
Facebook also took a huge hit dragging down and dipping all the way to a drop of 3.76% resulting in CEO Mark Zuckerberg losing $4 billion off of his total net worth. Oh yeah, it actually does not end there.
Another notable loss is Microsoft that dropped 6.19% leaving the former CEO Bill Gates with $3 billion less in net worth.
These four billionaires have lost a total of $25 billion in a very fast matter. The question is, how fast can they recover? It’s quite obvious that they won’t stay down forever.