Tech's biggest CEOs and founders lost $61 billion during the stock market's plunge in October — here's who got hit hard (FB, AMZN, AAPL, NFLX, GOOG, BIDU, BABA)
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
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
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 — wife of the late Apple cofounder Steve Jobs
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
See the rest of the story at Business Insider
Contributer : Tech Insider https://ift.tt/2qos83E
Reviewed by mimisabreena
on
Friday, November 02, 2018
Rating:
No comments:
Post a Comment