The threat of war shakes the market, wiping $35 billion from billionaires’ wealth in a single day.

Tehran: The fear of a potential conflict between Iran, the United States, and Israel has had a clear impact on global markets. The US stock market plunged on Thursday, wiping the wealth of the world’s top billionaires by nearly $35 billion in a single day.

The Dow Jones Industrial Average fell 739 points as the market declined. The S&P 500 fell 1.52% and the Nasdaq Composite fell 1.78%. This decline directly impacted the wealth of billionaires.

Elon Musk suffers the biggest loss

The world’s richest person, Elon Musk, suffered the biggest setback. His wealth fell by $9.20 billion, bringing his net worth to around $660 billion.

Larry Page’s wealth subsequently declined by $4.11 billion, leaving him with a net worth of $261 billion. Sergey Brin’s wealth fell by $3.80 billion, to approximately $243 billion.

Bezos and Zuckerberg also suffered a setback

Jeff Bezos lost $2.83 billion on Thursday, bringing his net worth down to $234 billion.
Mark Zuckerberg’s wealth fell by $5.74 billion, leaving his net worth at around $226 billion.

Alison and Arnault’s wealth also decreased

Larry Ellison’s wealth fell by $4.58 billion, leaving his net worth at approximately $210 billion.
French industrialist Bernard Arnault also lost $2.39 billion, dropping his wealth to approximately $162 billion.

Jim Walton gains, Buffett lags

Jensen Huang’s wealth also declined by $2.30 billion, leaving his net worth at $152 billion.
However, Jim Walton was the only billionaire whose wealth increased by $1.58 billion. His net worth rose to $159 billion, surpassing Warren Buffett to take the ninth spot on the rich list.
Buffett also lost $579 million, leaving his total wealth at approximately $147 billion.

India’s billionaires benefit

Despite the global market decline, the wealth of two of India’s leading industrialists increased. Mukesh Ambani gained $64.5 million, taking his wealth to $92.4 billion. He remains the 18th richest person in the world.

Gautam Adani’s wealth increased by $1.84 billion, bringing his net worth to $77.8 billion. Despite this increase, he still hasn’t cracked the top 20 billionaires list.

Experts believe that due to increasing tension in West Asia and uncertainty in global markets, fluctuations in the market and the wealth of billionaires may continue in the coming days.