Chinese AI startup DeepSeek’s remarkable rise has hit some of the tech moguls the hardest. The collective wealth of some of the richest billionaires in the world surged by $314 billion in January. However, this financial inflow was short lived for many of these billionaire businessmen, because a month later, they saw massive losses.
Why and How much did Musk, Bezos, Zuckerberg loose?
According to a report by the Fortune, Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg – all collectively lost a total of $138 billion in just a few weeks. The downturn has been particularly severe for technology billionaires, whose fortunes are closely tied to stock market performance and emerging industry trends.
Elon Musk, the CEO of Tesla, was hit the hardest with a loss of $90 billion. His net worth dropped from $433 billion in early February to $349 billion by the end of the month, partly because of the success of DeepSeek. Other major losses include Nvidia CEO Jensen Huang, who lost around $20 billion, and Meta CEO Mark Zuckerberg, who saw his net worth fall by about $11 billion. Zukerberg’s net worth dropped from $243 billion to $232 billion.
The DeepSeek Impact
It is safe to say that DeepSeek led to a disruption in the market which has affected more than just a few people. Many popular tech moguls of the world have lost large amounts of money:
- Oracle’s chairman Larry Ellison who was the third-richest person in the world, lost $27.6 billion, dropping him to the fifth-richest.
- Michael Dell, the founder of Dell Technologies, lost $12.4 billion.
- Elon Musk lost $5.3 billion during the selloff, adding to his previous losses.
- Google co-founder Larry Page lost $6.3 billion, and Google investor Andreas von Bechtolsheim lost $5.4 billion.
With DeepSeek‘s continued growth and the AI industry seeing rapid changes, more losses can be anticipated for billionaires who have made their fortune from tech stocks.