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.

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.