Billionaires earning $10 billion per day in January are suddenly watching their net worth get wiped out—Elon Musk has lost $90 billion alone

[Pelican Press 0]

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Billionaires earning $10 billion per day in January are suddenly watching their net worth get wiped out—Elon Musk has lost $90 billion alone

Billionaires were getting $10 billion richer every day in January. Just one month later, Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg have lost a combined total of $138 billion.

This January felt like the honeymoon ******* for billionaires, who saw their wealth

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$10 billion every day. One month later, the daydream is over, and their net worth is tanking.

Throughout the month of January,

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that the world’s richest people saw their fortune swell by $314 billion—a figure that’s about the collective salary of 15 million workers. But for many billionaire businessmen, from

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and

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to

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and

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, that high didn’t last. Their gains are already slipping away.

The Bloomberg

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is heaving with numbers in the negatives—all of the world’s richest technology, consumer, and industrial leaders are being hit hard.

At the beginning of February, Musk’s net worth rested around $433 million; today, that number is $349 billion.

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CEO Zuckerberg slipped from $243 billion to $232 billion in the same time *******, and Larry Ellison lost about $9 billion.

Tech billionaires in particular—who make up many of the world’s richest people—are watching their wealth take a tumble. It follows DeepSeek’s breakout success. The ******** tech underdog rocked the market,

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like Meta and

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from

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CEO

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. DeepSeek’s revolutionary, low-cost R1 model has wiped billions off the stock market.

DeepSeek triggered a tsunami throughout the AI industry, and CEOs are caught up in the tidal wave.

The billion-dollar AI company’s rise to dominance hit Nvidia the hardest—Jensen Huang witnessed $600 billion in his company’s market value vanish. Bloomberg

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as one of the biggest drops of U.S. stocks in the market’s history, as DeepSeek products triggered a selloff in Nvidia. Huang himself lost over $20 billion, dropping to a net worth of $103 billion. It triggered a domino effect across the 1%.

Collectively,

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DeepSeek wiped a total of $94 billion from the pockets of the world’s richest people: tech leaders. Chairman Ellison recorded a personal loss of $27.6 billion—dropping from third- to fifth-richest person in the world—after Oracle’s stock plummeted 14%. Michael Dell also lost a cool $12.4 billion from the Nvidia sell-off, alongside Musk bleeding $5.3 billion,

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founder Larry Page’s net worth dropping $6.3 billion, and

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investor Andreas von Bechtolsheim suffering a $5.4 billion ******.

Story Continues

While these numbers are eye-watering to the average person, for the wealthiest few it represented a small dent in their wealth. Even though Elon Musk—the world’s richest man—has

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$90 billion this year, he still takes the throne of global net worth. And the leaders most implicated in this ****** still keep their chin up; Huang might have a bone to pick for his personal and company losses, but in Nvidia’s most recent earnings call,

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DeepSeek.

“It’s an excellent innovation, but even more importantly, it has open-sourced a world-class reasoning AI model,” Huang said, adding that DeepSeek has “ignited global enthusiasm.”

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