Google's Founders Have Lost a Combined $62.8 Billion in the Past Year. Here's What Other Billionaires Including Jeff Bezos and Elon Musk Have Lost The world's wealthiest people lost approximately $280 billion in personal wealth.
The most affluent people in the world lost a combined total of $279.9 billion over the past 12 months, according to a new study by data analysts at the financial news advisory website TradingPedia.
Jeff Bezos lost the most personal wealth at $57 billion, leaving him with $114 billion compared to last year's $171 billion. Bezos' drop is $18 billion more than Elon Musk's loss of $39 billion. The losses follow turbulent times for tech companies, which have had mass layoffs over the last year.
Google founders Sergey Brin and Larry Page lost a combined $62.8 billion over the past 12 months, almost double what Microsoft's founders lost. According to the report, Bill Gates and Steve Ballmer posted a combined loss of $35.7 billion.
The study suggests that Google's founders' net worth drop follows the release of the company's AI service, Bard, in February 2023. After the chatbot publicly gave the wrong answer to a question, per NPR, shares of Google's parent company, Alphabet, fell around 7%.
Other billionaires who lost big this year include Gautam Adani, Warren Buffet, MacKenzie Scott, and Robin Zeng.