{
  "id": 18494482,
  "title": "9 tech titans took a $150 billion wealth hit during Thursday's AI stock plunge — with Elon Musk alone losing $80 billion",
  "url": "https://urgent.news/2026/11/06/9-tech-titans-took-a-150-billion-wealth-hit-during-thursdays-ai-stock",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-06T12:03:24.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/musk-huang-ellison-dell-tech-billionaires-wealth-ai-stocks-crash-2026-11"
  },
  "original_language": "en",
  "account": "On Thursday, the top nine tech executives suffered a staggering $150 billion loss in wealth due to a sell-off in AI and chip stocks. Elon Musk, the world's richest person, experienced the most significant drop, with his net worth plummeting by over $80 billion, a 9% decrease that brought Tesla and SpaceX shares down by 11% and 9%, respectively. The combined fortunes of these nine tech titans dropped by more than $152 billion in a single day.\n\nMichael Dell, Jensen Huang, and Larry Ellison followed closely behind in terms of wealth losses. Dell Technologies stock tumbled by 15%, causing Dell's net worth to fall by over $19 billion, while Nvidia's stock dipped 9% and Larry Ellison's Oracle stock declined by 7%. The Nasdaq 100, which tracks the performance of 100 large-cap technology stocks, fell more than 6% and hit its worst single-day decline since the COVID-19 pandemic.\n\nWhile several of these tech leaders saw declines of less than 2%, their overall wealth remained higher than it was a year ago, thanks to the AI stock boom. Musk's fortune, for instance, was still up by $312 billion, while Bezos, Dell, and Ballmer all saw their net worth increase by at least $5 billion. However, Ellison's net worth dropped by $152 billion, marking a 49% decrease, and Huang's wealth fell by about $19 billion or 11%. Zuckerberg's wealth, on the other hand, declined by nearly $8 billion, or 4%, making him one of the few tech executives in the red for the past year.",
  "summary": "Elon Musk's net worth tumbled by about $80 billion or 9% in one day as Tesla and SpaceX tumbled, and several of his tech peers took wealth hits too.",
  "key_points": [
    "Nine tech executives lost $150 billion in wealth due to AI stock plunge.",
    "Elon Musk lost $80 billion, 9% of his net worth, Tesla and SpaceX shares dropped 11% and 9%.",
    "Nasdaq 100 fell 6%, worst single-day decline since COVID-19 pandemic."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}