The wealth of the top 10 richest people in the world decreased by 27 billion dollars in one month

The total wealth of the world's top 10 billionaires and super rich has decreased by 27 thousand 3 billion US dollars in a month. Share prices of technology companies have fallen due to concerns over over-investment in the artificial intelligence (AI) sector.

However, despite the decrease in wealth, the position of the world's top super-rich is retained by the CEO of the American electric car company Tesla and the space research institute SpaceX.

According to the November 1 calculation of the US-based magazine Forbes, the combined wealth of the world's top 10 billionaires or centenarians is 280 billion dollars, which is a decrease of 8.8 percent compared to the previous month.

Elon Musk on Top
Despite the decrease in wealth, Elon Musk is still on the first place in the list of the world's richest people. On November 1, his wealth decreased to 86 thousand 9 billion dollars. In one month, his wealth decreased by 6 thousand 8 billion dollars, that is, about 7.3 percent.

Much of Musk's wealth comes from electric car company Tesla and space research firm SpaceX. He is the chairman, chief executive and chief technology officer of SpaceX. He owns 38 percent of SpaceX shares. The company also acquired XAI, his artificial intelligence and social media firm, in February this year.

In addition, Musk owns about 11 percent of Tesla's shares. His wealth has dwindled due to the decline in the technology sector in the stock market and the decline in the share price of SpaceX. According to Forbes, SpaceX's share price fell 11 percent in one month. However, Tesla's share price rose 13 percent. However, Tesla's price increase could not offset the loss of SpaceX's price drop.

Jeff Bezos, the founder of e-commerce company Amazon, is in the second position. His wealth has decreased to $36,000 billion. His wealth has decreased by 8 billion dollars in one month. Amazon's stock price fell 4 percent, reducing his wealth.

Tech entrepreneurs dominate the list
The list of the top rich is clearly dominated by tech entrepreneurs. Google co-founder Larry Page is in the third position. In one month, the value of his assets decreased by 5 thousand 3 billion dollars to 23 thousand 3 billion dollars.

At the fourth top spot is Michael Dell, founder of Dell Technologies. He is now the owner of assets of 229 billion dollars after reducing the price of assets by 4 billion dollars in one month. At the age of 19, he started the business of selling computers while sitting in the dormitory of the University of Texas in the United States. Dell Technologies founded by him is now one of the largest companies in the information technology sector.

Sergey Brin, another co-founder of Google, is in the fifth position. His wealth is 21 thousand 4 billion dollars. In one month, his wealth decreased by 4 thousand 9 billion dollars. He is a member of the board of directors of Alphabet, the parent company of Google. Also involved in the development of artificial intelligence technology.

Mark Zuckerberg, founder of Facebook and CEO of Meta, is in the sixth position on the list of billionaires. In one month, his wealth decreased by 4 billion dollars. Now the owner of assets of 21 thousand billion dollars. He founded Facebook in 2004 while still a student at Harvard University. At present, there are Instagram and WhatsApp in addition to Facebook under Meta.

NVIDIA CEO ALSO IN TOP TEN
Nvidia CEO Jensen Huang ranks seventh in the list of the world's richest people. The value of his wealth has decreased to 17 thousand 8 billion dollars. Graphics processing units (GPUs) made by Nvidia have become particularly important in the development of artificial intelligence. The demand for these chips has increased in AI model training and building IT infrastructure. As a result, Nvidia's business and market value have grown rapidly in recent years.

In eighth place is Oracle co-founder Larry Ellison. His wealth is 17 thousand 200 million dollars.

Former Microsoft CEO Steve Ballmer is in ninth position. His wealth is 16 thousand 200 million dollars. The source of these two's wealth is mainly from technology sector business and share ownership.

The 10th position is occupied by the famous 'investment guru' Warren Buffett. His wealth is 15 thousand 4 billion dollars. Among the top 10 richest, the wealth of Ballmer and Warren Buffett did not decrease last month; Rather increased. Rather, Ballmer's wealth has increased by $100 million in the past month; Buffett's wealth increased by 1 thousand 3 billion dollars. He retired as CEO of Berkshire Hathaway last December after a long stint at the helm.

The top rich are all American and male
Another notable aspect of the Forbes list is that all the top 10 richest people in the world are US citizens and all are men. The assets of six of them are more than 20 thousand billion dollars. The wealth of Warren Buffett, the tenth person in the list, is over 15 billion dollars.

The richest woman in the world is Alice Walton, daughter of Walmart founder Sam Walton. His wealth is 13 thousand 3 billion dollars. His position is 14th in the list of the world's richest people. His main source of wealth is his inherited ownership of Walmart.

Forbes has been publishing the wealth of the world's billionaires since 1987. The periodical regularly updates the asset account based on changes in share prices and exchange rates of listed companies.