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2026-11-06 00:52:26
[Epic Sell-off in US Stocks: Top Five Billionaires Lose $150 Billion in Wealth in a Single Day; Musk Loses Nearly $100 Billion] US stocks suffered a massive sell-off on Thursday, with tech stocks being the hardest hit. During the session, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite Index saw maximum declines of 2.38%, 3.57%, and 5.35%, respectively, while the Philadelphia Semiconductor Index saw its decline widen to 11.6%. The AI hardware supply chain experienced a concentrated sell-off. Nvidia once plunged 9%, while TSMC, SpaceX, and Tesla once fell by as much as 11%. Forbes' real-time billionaires list shows that the US stock market decline significantly reduced the net worth of many global tech billionaires. Elon Musk's net worth decreased by $91.2 billion in a single day, a drop of 10.50%; Dell Technologies founder Michael Dell's decreased by $20.5 billion, a drop of 9.60%; Nvidia CEO Jensen Huang's decreased by $15.1 billion, a drop of 8.70%; Oracle founder Larry Ellison's decreased by $13.2 billion, a drop of 8.05%; and Meta founder Mark Zuckerberg's decreased by $12.9 billion, a drop of 5.98%. The combined net worth of these five billionaires shrank by $152.9 billion in a single day. Musk alone accounted for nearly 60% of the combined loss. This wealth reduction primarily reflects the impact of declining stock prices on the valuations of the billionaires' holdings.
