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.

Harsh Vardan, lead news editor at Invezz commented: