Tech billionaires are watching their wealth free-fall amid an AI-driven slump—Larry Ellison and Jeff Bezos have lost more than $66 billion this year

Tech billionaires face massive wealth losses amid AI concerns. Larry Ellison and Jeff Bezos have each lost over $33 billion this year as market fears of an AI bubble triggered a sharp decline in tech valuations overnight. Oracle's founder Ellison suffered the steepest losses, reflecting broader investor anxiety about artificial intelligence sector sustainability.