"Six out of the 10 top richest people in the world have experienced wealth declines between $30 and $60 billion this calendar year, totaling over $255 billion."
"For billionaires, the losses are closely tied to the market. Shares of Amazon are down nearly 11% this year, Meta has fallen about 18%, and Oracle is off nearly 30%."
"A mix of forces is driving the downturn, from geopolitical tensions to growing skepticism about whether the AI-fueled stock rally can live up to high expectations."
"Even with recent market turbulence, global billionaire wealth is still at record highs, hitting $18.3 trillion in 2025 with a 16% surge."
Six of the ten richest people have seen their wealth decline between $30 and $60 billion this year, totaling over $255 billion. Jeff Bezos's net worth dropped by $30.7 billion, while Mark Zuckerberg lost $46.3 billion. Larry Ellison experienced the largest decline at $59.6 billion. Market downturns are linked to geopolitical tensions and skepticism about AI stock performance. Despite losses, some billionaires like Elon Musk and the Walton family have increased their wealth, highlighting market disparities. Overall, billionaire wealth remains at record highs, reaching $18.3 trillion in 2025.
Read at Fortune
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