Tech Billionaires Lose $134 Billion in Market Downturn

Jeff Bezos leads the losses with a $15.2 billion drop as Amazon shares plummet nearly 9%.

Amazon's disappointing earnings report triggered a significant selloff, impacting major tech stocks.
Elon Musk and Larry Ellison also saw substantial declines in their net worth, losing $6.6 billion and $4.4 billion respectively.
The Nasdaq 100 Index fell 2.4%, marking a correction that erased over $2 trillion in value in three weeks.
Investor concerns over AI investments and potential Federal Reserve rate cuts contributed to the market volatility.
Bezos has been consistently selling Amazon shares, totaling $13.5 billion this year.