9 tech titans took a $150 billion wealth hit during Thursday's AI stock plunge — with Elon Musk alone losing $80 billion
Source: Business Insider ·
Elon Musk's net worth tumbled by about $80 billion or 9% in one day as Tesla and SpaceX tumbled, and several of his tech peers took wealth hits too.
From the source
Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang lost a lot of wealth on Thursday.Win McNamee/Getty Images; Gilbert Flores/Variety via Getty Images; Chris Unger/Zuffa LLC/Getty Images; Chip Somodevilla/Getty ImagesThe nine richest tech tycoons lost over $150 billion in wealth during Thursday's sell-off.Elon Musk's net worth shrank by over $80 billion as Tesla and SpaceX shares tanked.Michael Dell, Jensen Huang, and Larry Ellison saw their fortunes decline by over $10 billion each.Thursday was a bad day to be a tech boss.The world's nine wealthiest tech titans saw just over $150 billion wiped from their combined fortunes in a single day due to a frenzied rout in AI and chip stocks.The Nasdaq 100 plunged into a correction, posting a more than 6% drop and its worst day since the COVID-19 pandemic. Investors sold off tech stocks in anticipation of Democrats reining in AI and data-center spending after winning control of the House and Senate in the US midterm elections this…
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