In one of the most dramatic market shakeups in recent times, the world’s wealthiest individuals witnessed tens of billions wiped out from their fortunes, all in a few months. As tech stocks fell, even the most powerful names in Silicon Valley were not spared. Yet amid the mayhem, one legendary investor not only withstood the storm but came out as the winner.

1.     Elon Musk lost $130 billion: The Tesla and SpaceX CEO, despite holding the top slot with a net worth of $302 billion, Musk experienced a sharp loss. A mix of electric vehicle market woes and the investor pullback resulted in his $130 billion year-to-date decline.

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2.     Jeff Bezos down by $45.2 billion: Amazon’s share unpredictably and investors’ concern related to e-commerce downtrend cut down Bezos’s wealth to $193 billion. A cautious consumer market and an increase in competition played a crucial role in the fall.

3.     Larry Ellison lost $42.1 billion: The Oracle founder saw huge declines as tech stocks underperformed, pulling his fortune to $150 billion. Oracle shares were impacted because of a tough quarter and doubts about AI.

4.     Sergey Brin is down by $32.3 billion: Alphabet’s co-founder also faced a tough year because of regulatory scrutiny and a decline in ad revenues. His net worth is $126 billion.

5.     Larry Page, co-founder of Google, faced a loss of $34.6 billion: Page’s wealth shrank on the back of Google’s market challenges, leaving him with $134 billion.

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6.      Mark Zuckerberg was down by $28.1 billion: The reason behind the sharp decline was Meta’s stock volatility and huge investment made in the metaverse led to the Facebook’s founder’s fall to $179 billion.

7.     Steve Ballmer lost $19.5 billion: The former Microsoft CEO’s losses are linked to the fluctuations in the sector, cutting down his net worth to $127 billion.

8.     Bernard Arnault down by $18.6 billion: Bernard Arnault, Chairman and CEO of LVMH, slowed down, trimming French magnate wealth by $158 billion.

9.     Bill Gates lost $3.38 billion: Gates‘s holdings also faced a loss as its wealth now stands at $155 billion.

Warren Buffett: The lone winner gained $12.7 billion

In the sea of losses, Warren Buffett stood out. The Berkshire Hathaway chairman’s value investing technique approach favoured him by adding $12.7 billion to his fortune.