"Goodbye billions": Who lost money

As the combined market value of America's seven mighty tech companies — Amazon, Apple, Facebook parent Meta, Google parent Alphabet, Microsoft, Nvidia, and Tesla — has fallen by more than $1 trillion, so has the net worth of the billionaires associated with artificial intelligence. companies.

Amazon chairman and co-founder Jeff Bezos posted the biggest one-day loss of any billionaire tracked by Forbes' real-time net worth tracker as retailer shares dropped more than 5%, sending Bezos' fortune down $8 billion to $179 billion by 10:15 a.m. EDT.

Nvidia CEO Jensen Huang was the second-biggest billionaire loser, as shares of his AI semiconductor chip maker rose about 7%, sending Nvidia's largest single shareholder Huang's fortune down $7.9 billion to $87 billion.

Next was Meta CEO Mark Zuckerberg, whose net worth fell by $7 billion to $164 billion, followed by Oracle Chairman Larry Ellison, whose fortune fell by $6 billion to $159 billion, and Tesla CEO and richest man in the world Elon Musk, whose net worth fell by 6 to 221 billion dollars, at the same time Tesla shares reached over 5%.

Billionaires associated with the other Magnificent Seven companies, which are less involved in day-to-day operations, also saw huge losses on paper: Google co-founders Sergey Brin and Larry Page lost more than $4 billion, Microsoft co-founder Bill Gates and former Microsoft CEO Steve Ballmer suffered losses of $3 billion and $4 billion, and Lauren Powell Jobs, the widow of Apple co-founder Steve Jobs, lost about $580 million.

Monday was a bad day for the net worths of many billionaires not tied to the Magnificent Seven amid a global stock selloff. Legendary investor Warren Buffett lost $4 billion, Europe's richest man Bernard Arnault lost $3 billion, and Asia's richest man Mukesh Ambani lost $4 billion as the net worth of many shareholders in public companies, large and small, collapsed. Japan's Nikkei stock index posted its worst day in nearly 40 years on Monday, falling 12%, Europe's Stock 600 fell more than 2% and the US S&P 500 fell more than 3% as global concerns about economic growth increased, Kurir reports.