The internet's richest 20 people lost $175 billion last year

In the ever-evolving landscape of the digital age, the fortunes of the world's wealthiest individuals are often a barometer of economic trends and industry shifts. The past year has seen a remarkable downturn for some of the most prominent figures in the tech world.

Invezz.com reports that the combined net worth of the richest internet billionaires plummeted by a staggering $175.4 billion.

The research analysed the data from November 29 2022 to November 29 2023.

Top losers

Mackenzie Scott: a whopping 44% drop

Mackenzie Scott, the third-wealthiest woman in the United States, known for her philanthropic endeavors, encountered a significant downturn, losing 44.04% of her net worth.

Jeff Bezos: 33.33% decline

Jeff Bezos, founder of Amazon and consistently one of the wealthiest individuals on the planet, faced a notable setback with a staggering 33.33% decrease in his net worth.

Larry Page and Sergey Brin: nearly 29% plunge

The Google co-founders saw a parallel decline in their fortunes, each experiencing a nearly 29% reduction in net worth over the past year.

Top gainers

Colin Zheng Huang: a remarkable 167.26% surge

Colin Zheng Huang, founder of Pinduoduo, emerged as a standout performer, experiencing a remarkable 167.26% increase in net worth.

Jan Koum: 39.80% rise

WhatsApp co-founder Jan Koum saw a significant upswing with a 39.80% increase in his net worth.

Robert Pera: 6.16% gain

Robert Pera, the founder of Ubiquiti Networks, Inc., experienced a moderate 6.16% increase in his net worth.

Rank	Name	Net worth 2022	Net worth 2023	Percentage change
1	Colin Zheng Huang	$11.3 B	$30.2 B	+167.26%
2	Jan Koum	$9.8 B	$13.7 B	+39.80%
3	Robert Pera	$14.6 B	$15.5 B	+6.16%
4	William Ding	$25.2 B	$26.7 B	+5.95%
5	Jack Ma	$22.8 B	$23.5 B	+3.07%
6	Jensen Huang	$20.6 B	$21.1 B	+2.43%
7	Larry Ellison	$106 B	$107 B	+0.94%
8	Mark Zuckerberg	$67.3 B	$64.4 B	-4.31%
9	Ma Huateng	$37.2 B	$35.3 B	-5.11
10	Michael Dell	$55.1 B	$50.1 B	-9.07%
11	Zhang Yiming	$50 B	$45 B	-10.00%
12	Shiv Nadar	$28.7 B	$25.6 B	-10.80%
13	Steve Balmer	$91.4 B	$80.7 B	-11.71%
14	Bill Gates	$129 B	$104 B	-19.38%
15	Eric Schmidt	$22.1 B	$16.2 B	-26.70%
16	Laurene Powell Jobs	$16.4 B	$12 B	-26.83%
17	Larry Page	$111 B	$79.2 B	-28.65%
18	Sergey Brin	$107 B	$76 B	-28.97%
19	Jeff Bezos	$171 B	$114 B	-33.33%
20	Mackenzie Scott	$43.6 B	$24.4 B	-44.04%

Harsh Vardan, lead news editor at Invezz commented: