Even billionaires aren’t safe: This year’s market slump has wiped $75 billion from the wealth of Jeff Bezos and Mark Zuckerberg

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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Six out of the 10 top richest people in the world have experienced wealth declines between $30 billion and $60 billion this calendar year, totaling over $255 billion.Jeff Bezos’s net worth is down $30.7 billion since January, whereas Mark Zuckerberg has faced a decline of $46.3 billion in wealth, according to the Bloomberg Billionaires Index. The sharpest drop belongs to Larry Ellison, whose wealth has fallen $59.6 billion to $188 billion—well off his peak of $400 billion last September when he surpassed Elon Musk as the world’s richest person.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%. Every member of the Magnificent Seven—including Alphabet, Apple, Tesla, Microsoft, and Nvidia—is now down double digits from its 52-week high.A mix of forces is driving the downturn, from geopolitical tensions (including conflict with Iran) to growing skepticism about whether the AI-fueled stock rally can live up to high expectations. Last week’s selloff alone pushed the S&P 500 down 3% and dragged the Dow into correction territory, compounding what has already been a shaky year for equities.Still, not every billionaire is in the red. Elon Musk, Michael Dell, and members of the Walton family have been growing their wealth this year, underscoring how uneven the market’s impact can be—even at the very top.Even with recent market turbulence, global billionaire wealth is still at record highs. Total billionaire wealth hit $18.3 trillion in 2025—with the year bringing a 16% surge, three times faster than the past five-year average, according to Oxfam. Since 2020, billionaire wealth has increased 81%.Much of that growth has been concreted at the very top. The 10 richest Americans—mostly tech founders like Musk, Bezos, and Zuckerberg—added $698 billion to their net worths between November 2024 and the same month in 2025.That dynamic reflects how deeply the ultrawealthy are tied to financial markets. The richest 0.1% of U.S. households own roughly a quarter of all equities, according to the Federal Reserve. By contrast, the bottom 50% of Americans own just 1.1% of stocks.The widening gap is increasingly shaping public opinion. In 1998, just 45% of Americans supported redistributing wealth through higher taxes on the richest; by 2022, that figure has climbed to 52%, according to Gallup.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersNKE NIKE, Inc. 52.82 +1.58 (+3.08%)COIN Coinbase Global, Inc. 174.61 +13.82 (+8.60%)BTC-USD Bitcoin USD 68,123.09 +1,388.73 (+2.08%)TSLA Tesla, Inc. 371.75 +16.47 (+4.64%)BA The Boeing Company 199.03 +9.82 (+5.19%)PortfolioSign in to access your portfolioSign inTop gainersAPLS Apellis Pharmaceuticals, Inc. 40.23 +23.14 (+135.40%)CNTA Centessa Pharmaceuticals plc 39.72 +12.14 (+44.02%)FLY Firefly Aerospace Inc. 28.47 +4.85 (+20.53%)ALKS Alkermes plc 35.36 +5.21 (+17.28%)PRAX Praxis Precision Medicines, Inc. 322.19 +45.75 (+16.55%)Top losersBTU Peabody Energy Corporation 32.95 -2.73 (-7.65%)SOC Sable Offshore Corp. 16.52 -1.32 (-7.40%)VG Venture Global, Inc. 15.76 -1.13 (-6.69%)CEG Constellation Energy Corporation 279.25 -19.34 (-6.48%)MKC McCormick & Company, Incorporated 50.44 -3.28 (-6.11%)Most activeNVDA NVIDIA Corporation 174.40 +9.23 (+5.59%)SNAP Snap Inc. 4.6000 +0.5800 (+14.43%)APLS Apellis Pharmaceuticals, Inc. 40.23 +23.14 (+135.40%)INTC Intel Corporation 44.13 +2.94 (+7.14%)NU Nu Holdings Ltd. 14.37 +0.86 (+6.37%)Top economic eventsEarnings eventsMy earnings eventsEarnings events