Photo by Drew Angerer/Getty Images
October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.
According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $61 billion in October.
The tech-heavy Nasdaq index plunged 9.2%, posting its worst month since the financial crisis.
And among the hardest hit were the “FAANG+BAT” stocks – Facebook (-7.7%), Apple (-3.1%), Amazon (-20.2%) Netflix (-19.3%), Google (-9.8%), Baidu (-16.9%), Alibaba (-13.6%) and Tencent (-14.1% in Hong Kong).
The list below provides details of the estimated net worth of some of tech’s richest CEOs and founders:
Reed Hastings – CEO and cofounder of Netflix
Reuters/Mike Blake
Rank on Bloomberg Billionaire’s Index: 463
Net worth on October 31: $3.9 billion (-19% from $4.8 billion at the end of September)
Holdings in Netflix: $1.7 billion
Source: Bloomberg
Robin Li – CEO and cofounder of Baidu
China Photos/Getty Images
Rank on Bloomberg Billionaire’s Index: 82
Net worth on October 31: $13.6 billion (-16% from $16.1 billion at the end of September)
Holdings in Baidu: $13.4 billion
Source: Bloomberg
Laurene Powell Jobs – widow of Apple cofounder Steve Jobs
Getty
Rank on Bloomberg Billionaire’s Index: 35
Net worth on October 31: $21 billion (-3% from $21.6 billion at the end of September)
Holdings in Apple: $8.5 billion
Source: Bloomberg
Pony Ma – CEO and cofounder of Tencent
Kin Cheung
Rank on Bloomberg Billionaire’s Index: 26
Net worth on October 31: $28 billion (-17% from $33.6 billion at the end of September)
Holdings in Tencent: $25.6 billion
Source: Bloomberg
Jack Ma – CEO and founder of Alibaba
Ruben Sprich/Reuters
Rank on Bloomberg Billionaire’s Index: 19
Net worth on October 31: $37 billion (-8% from $40.2 billion at the end of September)
Holdings in Alibaba: $20.3 billion
Source: Bloomberg
Sergey Brin – Cofounder of Google
Ruben Sprich/Reuters
Rank on Bloomberg Billionaire’s Index: 10
Net worth on October 31: $52 billion (-9% from $57.1 billion at the end of September)
Holdings in Alphabet: $41.8 billion
Source: Bloomberg
Larry Page – Cofounder of Google
Chris Hondros/Getty Images
Rank on Bloomberg Billionaire’s Index: 8
Net worth on October 31: $53.2 billion (-9% from $58.4 billion at the end of September)
Holdings in Alphabet: $43.4 billion
Source: Bloomberg
Mark Zuckerberg – CEO and cofounder of Facebook
Reuters
Rank on Bloomberg Billionaire’s Index: 6
Net worth on October 31: $60.2 billion (-8% from $65.2 billion at the end of September)
Holdings in Facebook: $57.6 billion
Source: Bloomberg
Jeff Bezos – CEO and founder of Amazon
REUTERS/Joshua Roberts
Rank on Bloomberg Billionaire’s Index: 1
Net worth on October 31: $132.8 billion (-20% from $166.1 billion at the end of September)
Holdings in Amazon: $126 billion
Source: Bloomberg
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