The United States' richest Big Tech executives lost a collective $25 billion to their net worth after Thursday's market sell-off, according to data compiled by CNBC's Robert Frank.
The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the red. The dramatic drops shaved several billions off the net worth of some of the richest people in the world who saw their wealth balloon in recent weeks as tech stocks ripped higher.
Money help me
It's a shame and a waste that anyone lost any amount of money in that senseless sell off - it's all relative, whether a person lost hundreds, thousands, millions, or billions, doesn't matter - there was no need for it WhatAWaste
Not really
I can understand if the markets need to slow their growth or just chill for a while, but I do not understand how mass/herd selling is 'healthy' - too many portfolios caught up in it & losing $ they can't afford to lose
Great news 🤑
Paper losses don’t mean anything
Bubbles Bubbles
Only paper.
If u think any of these guys track their wealth day to day u r really dumb. Im sure they all know its overvalued and they are prob selling.
Bezos make 13 billion a day so I’m supposed to feel bad he only made 8 billion yesterday. Ok
You won't see this on Robert Reich's page. Only when they increase net worth. It cuts both ways
they still woke up billionaires $$$$
Should be 25 Billion each
Now tell us their total net collective worth. They’ll be ok.
😢😢😢 how will they survive now. thoughts and prayers thru these tough times.
is this all you folks a cnbc think about ?
Who cares
Glad someone had a worse day than I did. Somehow I don't think it bothered them as much as me.
😢
A few pennies that they’ll get right back at some point...🤓...
Let’s start a gofundbillionaires campaign to get these folks their money back.
Means nothing to them..just saying
Chump change for them.
And?
Tax the rich.
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