Bezos, Musk Lead Tech Wealth Retreat as $44 Billion Evaporates
- Amazon’s Bezos leads the way with $9 billion hit to fortune
- Even with rout, 500 richest have added $830 billion this year
A banner streak of wealth gains came to an end Thursday for the world’s richest technology billionaires.
The industry’s 10 wealthiest people had $44 billion erased from their collective net worths as U.S. equities tumbled the most in almost three months over investor concerns about frothy valuations.