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Market Crash Erases $46 Billion from World's Richest

11/14/2025

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Summary

Story summary

On November 13, 2025, the five richest people in the world lost nearly $46 billion due to a market sell-off linked to declining artificial intelligence stocks and mixed earnings from Disney.
The Nasdaq Composite fell 2.5%, the Dow lost 650 points, and the S&P 500 dropped 1.6%.
Elon Musk's net worth decreased by $17.1 billion, while Larry Ellison lost $12.5 billion, and Disney's stock fell nearly 8% after missing revenue expectations.
In contrast, Warren Buffett gained $2.4 billion, surpassing a net worth of $150 billion, while the top nine billionaires lost a total of $58.6 billion by 2 p.m. EST.

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Story summary

On November 13, 2025, the five richest people in the world lost nearly $46 billion due to a market sell-off linked to declining artificial intelligence stocks and mixed earnings from Disney.
The Nasdaq Composite fell 2.5%, the Dow lost 650 points, and the S&P 500 dropped 1.6%.
Elon Musk's net worth decreased by $17.1 billion, while Larry Ellison lost $12.5 billion, and Disney's stock fell nearly 8% after missing revenue expectations.
In contrast, Warren Buffett gained $2.4 billion, surpassing a net worth of $150 billion, while the top nine billionaires lost a total of $58.6 billion by 2 p.m. EST.