Jeff Bezos, Elon Musk and 8 other billionaires lose R729 billion

Jeff Bezos, Elon Musk and 8 other billionaires lose R729 billion

- Ten of the wealthiest moguls in the technology industry have lost $44 billion (R729 billion) of their collective wealth

- The billionaires lost the huge amount of money on Thursday, September 3 as the United States equities tumbled

- Jeff Bezos topped the list of those who lost on Thursday as the Amazon co-founder had $9 billion erased from his wealth

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The ten richest technology moguls lost $44 billion from their collective wealth on Thursday, September 3, as the United States equities tumbled.

The wealthiest man in the world and co-founder of Amazon Inc, Jeff Bezos, lost the most as $9 billion was erased from his wealth.

According to a report by Bloomberg, Amazon's shares fell the most since June, while Tesla CEO Elon Musk had $8.5 billion erased from his wealth.

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Jeff Bezos, Elon Musk and 8 other billionaires lose N5 trillion

Jeff Bezos. Photo credit: Forbes
Source: UGC

These are the ten world's 10 richest tech moguls who lost $44 billion on Thursday, September 3:

  1. Bill Gates: $2.9 billion
  2. Elon Musk: $8.5 billion
  3. Jack Ma: $1.6 billion
  4. Jeff Bezos: $9.0 billion
  5. Larry Ellison: $2.4 billion
  6. Larry Page: $3.6 billion
  7. MacKenzie Scott: $3.2 billion
  8. Mark Zuckerberg: $4.2 billion
  9. Sergey Brin $3.5 billion
  10. Steve Ballmer: $4.8 billion

In other news, MacKenzie Scott has become the richest woman in the world. MacKenzie and her ex-husband Jeff Bezos, the founder of Amazon, settled their divorce in 2019.

As a result of the divorce settlement, MacKenzie was the recipient of around $38 billion worth in Amazon shares.

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The large sum has seen her surpassing the previous record holder, Françoise Bettencourt Meyers, an heiress who owns and controls 33.3% of the world's largest cosmetic company L'oreal.

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MacKenzie, who is a philanthropist, does not shy away from charity. In July this year she donated $1.7 billion of her wealth to several different causes.

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