Technology Billionaires Lose $16 Billion After Today’s Selloff

Technology tycoons lost $15.5 billion from their fortunes on Monday as a sell-off of the sector’s most valuable companies intensified. Facebook Inc.’s Mark Zuckerberg saw the biggest drop in net worth of $3.2 billion, followed by a $1.3 billion decline for Alibaba Group Holding Ltd.’s Jack Ma and a $1.2 billion wipeout for Inc.’s Jeff Bezos. The 59 tech moguls on the Bloomberg Billionaires Index control $942 billion, more than any other industry in the ranking.

    More From this publisher : HERE

      Recommended Products

    Tags: business United States technology

    Related Post "Technology Billionaires Lose $16 Billion After Today’s Selloff"

    As Bitcoin Sinks, Crypto Bros Party Hard on a Blockchain Cruise
    When 600 cryptocurrency enthusiasts set sail from
    Fox Is Trying to Win the Rights to Thursday NFL Games
    21st Century Fox Inc. is seriously pursuing
    London proptech startup Goodlord appoints LoveFilm co-founder William Reeve as CEO
    London ‘proptech’ startup Goodlord, which offers cloud-based