Top 5 tech billionaires who have suffered from the COVID-19 pandemic, supply chain disruptions, and market volatility have all contributed to fluctuations in net worth.
Here, we take a closer look at the Top 5 tech billionaires who lost the most wealth this year, according to Forbes.
Jeff Bezos
Jeff Bezos (Photo by Karwai Tang/WireImage/Getty Images)
Net Worth: $114 Billion, Change Since March 2022: -$57 Billion
Jeff Bezos, the founder of Amazon, suffered the biggest loss of any billionaire on the list, losing a staggering $57 billion in net worth. This decline is due to a one-third drop in Amazon’s stock price. Despite this loss, Bezos has continued to make headlines with his space company Blue Origin and philanthropic efforts.
Larry Page
Larry Page. (Photo by Kimberly White/Getty Images for Fortune)
Net Worth: $79.2 Billion, Change Since March 2022: -$31.8 Billion
Google co-founder Larry Page saw a $31.8 billion decrease in net worth, largely due to a 30% drop in Google shares. Despite stepping away from day-to-day operations in 2019, Page has reportedly attended strategy meetings in response to the generative AI arms race spurred by ChatGPT.
Sergey Brin
Sergey Brin. (Photo by Arturo Holmes/FilmMagic)
Net Worth: $76 Billion, Change Since March 2022: -$31 Billion
Google co-founder Sergey Brin also saw a $31 billion drop in net worth, likely due to a 30% decrease in Alphabet shares. Brin may be taking a more active role at Alphabet again, as evidenced by a code request filed in January and code changes submitted to Google’s AI chatbot.
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Bill Gates
Bill Gates. (Photo by Kim Hong-Ji – Pool/Getty Images)
Net Worth: $104 Billion, Change Since March 2022: -$25 Billion
Despite stepping down from the board of Microsoft in 2020, Bill Gates still spends 10% of his time working with teams at the company. Gates owns around 1% of Microsoft shares, which have fallen by 10% since last year. However, the biggest reason for his $25 billion loss in net worth is his $20 billion gift to the Gates Foundation, which he co-chairs with his ex-wife Melinda French Gates.
MacKenzie Scott
Head of Amazon Jeff Bezos and his ex-wife MacKenzie Bezos. (Photo by Jörg Carstensen/picture alliance via Getty Images)
Net Worth: $24.4 Billion, Change Since March 2022: -$19.2 Billion
MacKenzie Scott, the ex-wife of Jeff Bezos, has given away over $14 billion since her divorce in 2019. In 2022 alone, Scott donated $6 billion to various organizations. While her net worth has decreased by $19.2 billion, she remains a prominent philanthropist.
2023 has been a challenging year for many tech billionaires, but it’s worth noting that their fortunes can be volatile and subject to change. These top 5 tech billionaires may have lost a significant amount of wealth, but their legacies and impact on the industry remain strong.
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