--- title: 19 People Who Lost $1 Billion or More in the Stock Market Plunge description: Yesterday's stock market plunge caused 19 people, including Warren Buffett and Jeff Bezos, to lost at billions. authors: - name: Rob Wile url: https://money.com/author/rob-wile/ at_money_since: 2017 articles: 191 covers: - Investing - Business - Career Advice - Economy and Politics - Education - Housing - Identity Theft - Insurance - Lifestyle - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/rjwile former_staff: true published: '2018-02-06T16:34:14.000Z' modified: '2024-05-16T12:59:35.000Z' section: Investing tags: - Billionaire - stock market word_count: 282 canonical: https://money.com/people-lost-billions-stock-market-plunge/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![180206-billionaire-stock-loss](https://img.money.com/2018/02/180206-billionaire-stock-loss.jpg?crop=0px%2C0px%2C3000px%2C1688px&quality=85) *(L-R) Mark Zuckerberg, Warren Buffett, Jeff Bezos* For the past several years, the world's wealthiest have seen their net worths grow by leaps and bounds, thanks to tremendous stock market gains. But yesterday, markets slammed the brakes, as major stock indices took their biggest hit since 2011. [A multitude of factors](https://money.com/stock-market-crashing-what-to-do/) including fear of rising inflation, complacency about volatility, and plain old momentum dying out led to drops of 4.6% in the Dow Jones Industrial Average and 4.1% in the S&P500. Hardest hit was Warren Buffett, who saw the value of one of his largest holdings, Wells Fargo, plunge as much as 9.2% yesterday as the Federal Reserve [announced](https://www.cnbc.com/2018/02/05/wells-fargo-shares-are-tanking-on-feds-harsh-action.html) it would restrict the size of the bank. Since Feb. 1, Buffett has lost a total of $8.4 billion, according to the *Bloomberg Billionaires Index.* But it wasn't just Americans taking it on the chin: billionaires from Europe to China lost big. In total, the world's 500 richest [lost $114 billion on Monday](https://www.bloomberg.com/news/articles/2018-02-05/market-rout-lops-114-billion-from-fortunes-of-world-s-richest). Below are the 19 individuals who lost at least $1 billion in yesterday's rout, [according to the *Bloomberg Billionaires Index*](https://www.bloomberg.com/billionaires/): 19\. **Phil Knight,** Nike \-$1 billion 18\. **Pony Ma**, Tencent \-$1.05 billion 17\. **Carl Cook,** Cook Group \-$1.1 billion 16. **Francoise Bettencourt Meyers**, L'Oreal \-$1.12 billion 15\. **Sheldon Adelson**, Las Vegas Sands \-$1.21 billion 14\. **Amancio Ortega**, Zara \-$1.23 billion 13\. **Kjeld Kristiansen**, Lego \-$1.29 billion 12\. **Steve Ballmer**, ex-Microsoft \-$1.31 billion 11. **Alice Walton,** Walmart \-$1.76 billion 10\. **Rob Walton**, Walmart \-$1.76 billion 9\. **Bernard Arnault**, LVMH \-$1.76 billion 8\. **Jim Walton**, Walmart \-$1.78 billion 7\. **Larry Ellison**, Oracle \-$1.91 billion 6\. **Bill Gates,** Microsoft \-$2.25 billion 5\. **Sergey Brin,** Alphabet/Google \-$2.26 billion 4\. **Larry Page,** Alphabet/Google \-$2.33 billion 3\. **Jeff Bezos,** Amazon \-$3.26 billion 2\. **Mark Zuckerberg**, Facebook \-$3.62 billion 1\. **Warren Buffett**, Berkshire Hathaway \-$5.11 billion ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/people-lost-billions-stock-market-plunge/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Stocks", "item": "https://money.com/stocks/" }, { "@type": "ListItem", "position": 4, "name": "19 People Who Lost $1 Billion or More in the Stock Market Plunge" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/people-lost-billions-stock-market-plunge/#webpage", "url": "https://money.com/people-lost-billions-stock-market-plunge/", "name": "19 People Who Lost $1 Billion or More in the Stock Market Plunge", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-02-06T16:34:14.000Z", "mainEntity": { "@id": "https://money.com/people-lost-billions-stock-market-plunge/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/people-lost-billions-stock-market-plunge/#breadcrumb" }, "dateModified": "2024-05-16T12:59:35.000Z" }, { "@type": "Article", "headline": "19 People Who Lost $1 Billion or More in the Stock Market Plunge", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/02/180206-billionaire-stock-loss.jpg?crop=0px%2C0px%2C3000px%2C1688px&quality=85", "width": 1012, "height": 569, "caption": "180206-billionaire-stock-loss" } ], "author": [ { "@type": "Person", "name": "Rob Wile", "url": "https://money.com/author/rob-wile/", "@id": "https://money.com/author/rob-wile/#author", "sameAs": [ "https://x.com/rjwile" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2018-02-06T16:34:14.000Z", "description": "Yesterday's stock market plunge caused 19 people, including Warren Buffett and Jeff Bezos, to lost at billions.", "abstract": "Yesterday's stock market plunge caused 19 people, including Warren Buffett and Jeff Bezos, to lost at billions.", "@id": "https://money.com/people-lost-billions-stock-market-plunge/", "inLanguage": "en-US", "dateModified": "2024-05-16T12:59:35.000Z", "wordCount": 282, "keywords": [ "Billionaire", "stock market" ], "about": [ { "@type": "Thing", "name": "Investment", "sameAs": [ "https://en.wikipedia.org/wiki/Investment" ] }, { "@type": "Thing", "name": "Stock", "sameAs": [ "https://en.wikipedia.org/wiki/Stock" ] } ] } ] } ```