Top 10 Billionaires Lose $66 Billion in Market Downturn
Tech giants and luxury brands see significant declines following disappointing earnings reports.
- Elon Musk's net worth drops by $17 billion as Tesla shares fall 12%.
- Amazon's Jeff Bezos loses $5.2 billion amid a broader tech stock decline.
- LVMH's Bernard Arnault sees an $8.4 billion reduction in his fortune due to missed revenue estimates.
- Google cofounders Larry Page and Sergey Brin collectively lose $13.9 billion.
- Meta's Mark Zuckerberg's wealth decreases by $9.5 billion as digital advertising revenues shrink.