Asian Chip Selloff Cuts 22 Billionaires’ Fortunes by More Than $18 Billion
Photo: TokenPost
A global technology-stock selloff spread across Asia, cutting more than $18 billion from the combined fortunes of 22 billionaires ranked among the world’s 500 richest and hitting businesses at the center of the artificial intelligence boom hardest. At 9 p.m. ET Nov. 5 (02:00 UTC Nov. 6), the billionaires’ combined losses exceeded $21 billion. The reported loss later narrowed to more than $18 billion. The group included people from China, Japan, South Korea and other countries. 孙正义, founder of 软银集团, had the largest individual loss, at $3.9 billion. His fortune stood at about $29 billion.
Source: TokenPost
