Warren Buffett Gains While Tech Billionaires Lose Big During Market Turmoil

On a tumultuous Monday for the stock market, the world's leading tech billionaires saw their wealth significantly decrease. The so-called Magnificent Seven tech giants collectively lost approximately $780 billion in market capitalization in just one trading session.

What Happened: As reported by the Bloomberg Billionaires Index, Elon Musk, the CEO of Tesla Inc., experienced the largest drop, with his net worth falling from $29 billion to $301 billion. Meanwhile, Jeff Bezos, the founder of Amazon.com Inc., lost about $4.21 billion, and Meta Platforms Inc. CEO Mark Zuckerberg saw a whopping $9.46 billion erased from his fortune.

The downward trend did not spare other tech magnates either. Larry Ellison, founder of Oracle Corp., lost $7.26 billion, and Larry Page and Sergey Brin, co-founders of Alphabet Inc., lost $6.16 billion and $5.73 billion, respectively. Bill Gates, co-founder of Microsoft Corp., saw his fortune drop by $1.10 billion, while former Microsoft CEO Steve Ballmer suffered a $4.17 billion loss. In total, the top 10 billionaires saw a staggering $67.3 billion wiped off their wealth in a single day.

The sell-off in the technology sector was particularly severe, with Tesla shares plummeting by 15.44%. Other major players like Apple Inc. and NVIDIA Corp. fell 5.91% and 6.74%, respectively. The tech-heavy Invesco QQQ Trust has officially entered correction territory, down more than 10% from its recent highs.

In contrast, Warren Buffett was an outlier among the top 10 billionaires, gaining $607 million amidst the chaos. As CEO of Berkshire Hathaway, he recently reported a substantial cash stockpile of $334 billion, positioning himself to take advantage of current market weaknesses. Buffett has also been vocal about high company valuations and has adjusted Berkshire's investment strategy accordingly.

Why It Matters: Berkshire has been offloading stocks for the past nine quarters, attributing this to inflated valuations. Notably, Buffett has reduced Berkshire's stake in Apple and halted stock buybacks, which has further amplified the company's cash reserves. Investors are increasingly concerned about proposed tariff plans and potential recession risks, with Goldman Sachs suggesting that tariffs could lead to a 1-2% reduction in corporate earnings for every 5% increase in tariffs, potentially pushing the S&P 500 down by 5%.

Despite the recent losses, many tech billionaires still enjoy significant year-to-date gains; for instance, Zuckerberg is up $4.12 billion in 2025. However, Tesla’s valuation remains high at more than 100 times its earnings, despite having lost half its value since its peaks in December.

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• Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?

Buffett, Billionaires, Market, Tech, Losses