The Zhitong Finance App learned that in November, according to Forbes, the performance of technology companies fell short of expectations in the past month. AI spending raised market concerns, dragging down the NASDAQ index, which is dominated by technology stocks, by nearly 5%, and the total wealth of the world's top ten richest people evaporated by 273 billion US dollars. Elon Musk, the richest man in the world, had the largest loss. As of 00:00 EST on November 1, his net worth had shrunk by about US$68 billion to US$869 billion. The share price of SpaceX, which accounts for nearly four fifths of Musk's wealth, fell 11%, not only offsetting the 13% increase in Tesla's stock price, but also caused a net contraction in its overall net worth. However, Musk's wealth is still more than double that of second-place Jeff Bezos; due to the 4% drop in Amazon's stock price, Bezos's net worth shrunk by about 8 billion US dollars to 361 billion US dollars.
Google co-founders Larry Page (3rd in the Global Rich List) and Sergei Brin (5th) ranked second and third in terms of loss size. Impacted by the sharp drop in the stock price of Google's parent company Alphabet by more than 18%, the net worth of the two has evaporated to about 53 billion and 49 billion US dollars respectively. Currently, their net worth is 233 billion and 214 billion US dollars, respectively.
The scale of losses was followed by Michael Dale (4th) and Mark Zuckerberg (6th). Their net worth each shrunk by about 40 billion US dollars, to 229 billion US dollars and 221 billion US dollars, respectively. Dell Technology shares fell 21%, while Meta (formerly Facebook) fell 15%.
Overall, the wealth of eight of the top ten richest people in the world has shrunk in the past month, and none of them have changed their rankings.
Among the top ten richest people, only Steve Ballmer (9th) and Warren Buffett (10th) grew in wealth, but the rankings remained the same. Driven by a 9% rise in Berkshire Hathaway's stock price, Buffett's wealth increased by about 13 billion US dollars to 154 billion US dollars. Microsoft's stock price rose slightly by 2%, and Ballmer's net worth increased by 1 billion US dollars to about 162 billion US dollars.
Forbes has been tracking the world's billionaires since 1987. In March 2026, our annual list counted a total of 3,428 billionaires. Here are the top ten richest people in the world as of November 1, 2026 at 00:00 EST, according to Forbes statistics. Ten families totaled 2.8 trillion US dollars, down from 3.1 trillion US dollars last month. As stock prices continue to fluctuate, the net worth of the rich changes every day. “Forbes” also has a real-time rich list that tracks the daily wealth changes of the rich.
