Bezos, Musk lead tech wealth retreat as US$44bil evaporates


Amazon.com Inc founder Jeff Bezos’s net worth dropped US$9bil (RM37.33bil) as shares of the e-commerce giant fell the most since June. — AFP

A banner streak of wealth gains came to an end on Sept 3 for the world’s richest technology billionaires.

The industry’s 10 wealthiest people had US$44bil (RM182.49bil) erased from their collective net worth as US equities tumbled the most in almost three months over investor concerns about frothy valuations.

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