From Bezos to Scott: The Billionaires Who Saw Their Fortunes Shrink in 2023

2023 has been a turbulent year for many billionaires in the tech industry.

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

Top 5 Tech Billionaires

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.

More on Tech Billionaires

Bill Gates

Top 5 Tech Billionaires

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

Top 5 Tech Billionaires

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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