Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Tech billionaires are having a really, really rough 2025
Finance

Tech billionaires are having a really, really rough 2025

March 12, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tech billionaires are having a really, really rough 2025
Share
Facebook Twitter LinkedIn Pinterest Email
  • Eight tech titans have taken a $266 billion blow to their collective wealth this yr.

  • Their mixed web price fell by $64 billion on Monday because the Nasdaq had its worst day since 2022.

  • Elon Musk has had $132 billion, or 30% of his fortune, erased in 2025 following Tesla’s inventory slide.

Eight tech billionaires have seen their mixed fortunes shrink by an estimated $266 billion this yr as President Donald Trump’s insurance policies proceed to spook traders.

That determine exceeds the market worth of most of America’s largest firms together with Salesforce, McDonald’s, and Wells Fargo.

Tesla and SpaceX CEO Elon Musk leads the checklist of wealth losers, in line with the Bloomberg Billionaires Index. The world’s richest individual has had $132 billion, or 30% of his fortune, worn out prior to now 10 weeks following the 45% slide in Tesla inventory in that interval.

Amazon’s Jeff Bezos, Oracle’s Larry Ellison, Dell Applied sciences’ Michael Dell, and Nvidia’s Jensen Huang have every seen greater than $20 billion erased from their respective web worths this yr as their firms’ inventory costs have tumbled. Amazon and Oracle are each down about 11%, whereas Dell and Nvidia have slumped by north of 20%.

Rounding out the group are Alphabet cofounders Larry Web page and Sergey Brin — down about $18 billion and $17 billion every this yr following a 12% drop in shares of Google’s mother or father firm —and Steve Ballmer, who’s down about $13 billion after a ten% decline in Microsoft inventory.

The eight tech titans’ collective web price fell by $64 billion on Monday alone because the Nasdaq Composite slid 4%, its steepest one-day loss since 2022.

The sell-off was sparked by Trump cautioning there can be a “interval of transition” for the US economic system in a Fox Information interview on Sunday.

The president did not rule out a recession when requested if he anticipated one this yr. He mentioned his focus was on strengthening America and attaining long-term prosperity: “You may’t actually watch the inventory market.”

Trump’s sweeping financial agenda is concentrated on equalizing US commerce relations utilizing tariffs, curbing immigration, lifting rules, chopping taxes, and downsizing the federal authorities. His insurance policies have reignited inflation fears and stoked recession worries.

The elevated uncertainty has dampened the thrill round AI that had lifted tech shares and the broader market to document highs this yr. One consequence is the world’s 16 wealthiest individuals are price $236 billion lower than they have been initially of January after a $87 billion decline on Monday, per Bloomberg’s wealthy checklist.

Microsoft’s Invoice Gates and Meta’s Mark Zuckerberg have been nonetheless up between $4 billion and $5 billion for the yr at Monday’s shut. The Fb cofounder took a $9.5 billion wealth hit on the day — second solely to Musk’s $29 billion blow.

Three others on the checklist are within the inexperienced for 2025 as they’re much less uncovered to tech: Berkshire Hathaway’s Warren Buffett is up about $14 billion, whereas LVMH’s Bernard Arnault and Inditex’s Amancio Ortega are up between $6 billion and $7 billion.

The richest of the wealthy should not really feel too sorry for themselves, as they’d a stellar 2024. The highest 10 billionaires on the finish of December have been up greater than $500 billion for the yr, and value a mixed $2 trillion — about as a lot as Amazon or Alphabet.

Learn the unique article on Enterprise Insider

Source link

Billionaires rough tech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Factors that Powered HCI Group’s (HCI) Performance in Q1

May 30, 2025

Why Harmony Gold Mining Company Limited (HMY) Went Down On Tuesday

May 29, 2025

$34 billion and counting, global companies say

May 29, 2025

Goldman Sachs says deal outlook is good, but timing is uncertain

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Hugh Jackman’s Reaction Revealed After Deborra-Lee Furness Broke ‘Deal’

May 30, 2025

Domestic, Asian markets rise after US court rules against Trump’s reciprocal tariffs | Business News

May 30, 2025

Quantum computers with 1 million qubits can crack RSA encryption in a week, Google study reveals | Technology News

May 30, 2025

Factors that Powered HCI Group’s (HCI) Performance in Q1

May 30, 2025
Popular Post

After EC decision on party name and symbol, CM Shinde updates Twitter DP with ‘bow & arrow’ – ThePrint – ANIFeed

Brittney Griner agrees to 1-year deal with Dream after 11 seasons with Mercury: Source

49ers’ Ricky Pearsall stable after shooting in San Francisco

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.