How Much Did Elon Musk, Mark Zuckerberg, Jeff Bezos Lose Due to DeepSeek’s Rise?- wna24

New Delhi: The rapid growth of Chinese AI company DeepSeek has shaken global tech giants and billionaires. In January, the world’s top billionaires saw their collective wealth surge by USD 314 billion, only to experience a sharp decline shortly after, due to the AI startup’s massive success.

Just a month later in February,  the financial highs has given way to a severe downturn, with some of the world’s wealthiest individuals facing mammoth losses.

According to a report by Fortune, Billionaire’s and tech giants like Elon Musk, Mark Zuckerberg and others collectively lost almost USD 138 billion in just weeks.

Billionaire and Tesla CEO Elon Musk alone lost around USD 90 billion of net worth, making him the most hit by the broader market turbulence that has affected corporate giants alike.

His net worth dropped from USD 433 billion in early February to USD 349 billion by the end of the month, due to DeepSeek’s success.

Also read: Is DeepSeek Really Bad? Four Ways It Could Change AI Game

Among the other giant billionaires, Meta CEO Mark Zuckerberg saw a decline of approx. USD 11 billion in his net worth with his fortune shrinking from USD 243 billion to  USD 232 billion.

CEO of NVIDIA, Jensen Huang lost approximately USD 20 billion.

Despite the losses, NVIDIA CEO showed sportsmanship and praised innovation during the company’s earnings call. “It’s a remarkable innovation, and more importantly, it has open-sourced a world-class reasoning AI model,” Huang said, adding that DeepSeek has “sparked global excitement.”

DeepSeek’s success led to the fall of fortunes of some other billionaire’s:

Chairman of Oracle, Larry Elliosn suffered a loss of USD 27.6 billion, dropping him from the third richest to fifth around the globe after its shares plummeted 14%.

Google founder Larry Page’s net worth dropped $6.3 billion.

Michael Dell, CEO of Dell, lost $12.4 billion due to the NVIDIA selloff.

DeepSeek’s rapid rise has sparked a massive selloff in AI stocks, triggering a domino effect among Silicon Valley’s wealthiest.

DeepSeek, a rapidly growing Chinese AI company, has gained global attention with its advancements in reasoning and decision-making AI models. Its success has triggered a massive selloff in AI-related stocks, creating a ripple effect across Silicon Valley and causing massive losses among the tech billionaires. 

On the other hand, ChatGPT, developed by OpenAI, has revolutionized conversational AI with its ability to generate human-like text, making it widely popular for applications in customer service, content creation, and education. 

While DeepSeek is still expanding internationally, ChatGPT has already garnered a massive global user base, and its influence continues to grow with integrations into major platforms, such as Microsoft products.