Nine Tech Billionaires Lost $152 Billion in One Day as Nasdaq 100 Fell Into Correction, Musk Down $80 Billion
The nine richest tech founders and executives lost a combined $152 billion in paper wealth Thursday, Nov. 5, with Elon Musk alone down about $80 billion to $785 billion on Bloomberg's index. Premarket indications Friday point to a partial bounce in Nvidia, SpaceX and Oracle, but regular trading does not open until 9:30 a.m. ET.