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Excerpt from news.google.com
Billionaires see net worth drop amid stock market turmoil
Multiple billionaires saw their net worth shrink on Monday while the global markets experienced significant turbulence.
Amazon founder Jeff Bezos, Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg were among the billionaires with estimated personal fortunes that posted major drops, Forbes reported.
Those companies and the other four tech giants that make up the “Magnificent Seven” experienced notable declines in their stock prices on Monday.
More broadly, U.S. indices dropped on Monday, with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 down 2.7%, 3.7% and 3.3%, in the afternoon. Markets in other parts of the world like Asia and Europe also saw declines.
