Bleeding billions: How net worths of top tech executives have taken a massive hit as Amazon, Apple, Facebook and Google stocks plummet
-The Dow closed at 24,465 on Tuesday, 551.8 points down from Monday
– Facebook, Amazon, Apple, Netflix and Google’s parent company Alphabet lost more than $1trillion in market value combined, wiping out all 2018 gains
– Amazon CEO Jeff Bezos has lost $42billion since early September, according to the Bloomberg Billionaires Index
– Facebook CEO Mark Zuckerberg’s net worth has dropped $34billion since July
– Bill Gates and Warren Buffett have lost $5million and $4million respectively
-Trump’s top economic adviser Larry Kudlow told reporters Tuesday that there is no economic recession on America’s horizon
‘Recession is so far in the distance I can’t see it!’ he said at the White House
h/t McShillin