CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October — here's who got hit hard

Photo by Drew Angerer/Getty ImagesAmazon CEO Jeff Bezos

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 $US61 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: $US3.9 billion (-19% from $US4.8 billion at the end of September)

Holdings in Netflix: $US1.7 billion

Source: Bloomberg


Robin Li — CEO and cofounder of Baidu

China Photos/Getty Images

Rank on Bloomberg Billionaire’s Index: 82

Net worth on October 31: $US13.6 billion (-16% from $US16.1 billion at the end of September)

Holdings in Baidu: $US13.4 billion

Source: Bloomberg


Laurene Powell Jobs — widow of Apple cofounder Steve Jobs

Getty

Rank on Bloomberg Billionaire’s Index: 35

Net worth on October 31: $US21 billion (-3% from $US21.6 billion at the end of September)

Holdings in Apple: $US8.5 billion

Source: Bloomberg


Pony Ma — CEO and cofounder of Tencent

Rank on Bloomberg Billionaire’s Index: 26

Net worth on October 31: $US28 billion (-17% from $US33.6 billion at the end of September)

Holdings in Tencent: $US25.6 billion

Source: Bloomberg


Jack Ma — CEO and founder of Alibaba

Rank on Bloomberg Billionaire’s Index: 19

Net worth on October 31: $US37 billion (-8% from $US40.2 billion at the end of September)

Holdings in Alibaba: $US20.3 billion

Source: Bloomberg


Sergey Brin — Cofounder of Google

Rank on Bloomberg Billionaire’s Index: 10

Net worth on October 31: $US52 billion (-9% from $US57.1 billion at the end of September)

Holdings in Alphabet: $US41.8 billion

Source: Bloomberg


Larry Page — Cofounder of Google

Chris Hondros/Getty Images

Rank on Bloomberg Billionaire’s Index: 8

Net worth on October 31: $US53.2 billion (-9% from $US58.4 billion at the end of September)

Holdings in Alphabet: $US43.4 billion

Source: Bloomberg


Mark Zuckerberg — CEO and cofounder of Facebook

Rank on Bloomberg Billionaire’s Index: 6

Net worth on October 31: $US60.2 billion (-8% from $US65.2 billion at the end of September)

Holdings in Facebook: $US57.6 billion

Source: Bloomberg


Jeff Bezos — CEO and founder of Amazon

Rank on Bloomberg Billionaire’s Index: 1

Net worth on October 31: $US132.8 billion (-20% from $US166.1 billion at the end of September)

Holdings in Amazon: $US126 billion

Source: Bloomberg

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