Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

Kaustubh Bagalkote

March 11, 2025

The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session.

What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk led the losses, with his net worth dropping from $29 billion to $301 billion. Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos lost $4.21 billion, while Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg saw $9.46 billion erased from his fortune.

Other tech billionaires weren’t spared, as Oracle Corp. (NYSE:ORCL) founder Larry Ellison lost $7.26 billion, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) co-founders Larry Page and Sergey Brin saw declines of $6.16 billion and $5.73 billion respectively, Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates dropped $1.10 billion, and former Microsoft CEO Steve Ballmer lost $4.17 billion. Collectively, the top 10 billionaires on the list lost $67.3 billion in a single day.

The tech sell-off saw Tesla shares plunge 15.44%, while other tech giants, including Apple Inc. (NASDAQ:AAPL) and NVIDIA Corp. (NASDAQ:NVDA), fell 5.91% and 6.74%, respectively. The tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) officially entered correction territory, dropping more than 10% from recent highs.

Warren Buffett stood alone among the top 10 billionaires, gaining $607 million amid the turmoil. The Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) CEO, who recently reported a record $334 billion cash stockpile, is reportedly positioned to capitalize on market weakness after warning about high valuations.

See Also: Cathie Wood Stands By ';Deflationary Boom’ Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble

Why It Matters: Berkshire has been a net seller of stocks for nine straight quarters, citing high valuations. Buffett has also trimmed Berkshire's Apple stake and halted stock buybacks, further boosting cash reserves.

Investors worry about President Donald Trump‘s proposed tariff plans and recession fears. Goldman Sachs has warned that tariffs could reduce corporate earnings by 1-2% for every 5% increase, potentially .

Despite recent losses, several tech billionaires maintain significant year-to-date gains, with Zuckerberg up $4.12 billion in 2025. Meanwhile, Tesla’s valuation remains elevated at more than 100 times earnings, even after losing half its value since December highs.

Read Next:

Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash -- Weeks Later, Markets Crashed. Coincidence?

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Recommended

Elon's Greatest Invention... Hidden in South Memphis? - Ad

NVDA CEO Set to Upend Tech World W/ New AI Announcement - Ad

The Most Important "AI Stock" You've Never Heard Of - Ad

NEW YORK (AP) — The woman who was able to sneak onto a New York-to-Paris flight without a boarding pass late last year was able to get on the plane by glomming onto a group of ticketed passengers as they passed gate agents, new surveillance video shows.

Asia shares trade mixed as uncertainty persists over Trump's tariff plans

TOKYO (AP) — Asian shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after appeared to back off and .

Trump's plan to save the U.S. Dollar

Trump's plan to save the U.S. Dollar - Ad

The U.S. Dollar is crashing, and our reserve currency status is now in serious jeopardy leaving some to wonder -- is this being done by design? A 25-year economist and investor answers here... and details the exact steps you should be taking with your money to prepare.

What's Going On With Riot Platforms Stock?

Riot Platforms shares are trading higher by 7.1% during Wednesday's session. The company announced it has secured a $100 million credit facility from Coinbase.

XPeng Stock Rallies After Auto Shanghai 2025

Xpeng shares are trading higher Wednesday after the company showcased its latest AI and EV technologies at Auto Shanghai 2025.

Trump to Unlock 15-Figure Fortune for America (May 3rd)?

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Brazilian police probe a pension fraud scheme that stole $1 billion from retirees

SAO PAULO (AP) — 's federal police said Wednesday they are investigating a scheme that diverted over 6 billion reais ($1.05 billion) from pensions paid by the National Social Security Institute.

US Treasury secretary says trade war with China is not 'sustainable'

WASHINGTON (AP) — U.S. Treasury Secretary said in a Tuesday speech that the ongoing against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.

Brace Yourself for Jeff Bezos' "Amazon Helios"

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

Steel Dynamics Reports Q1 Earnings: Revenue Beat, EPS Beat, Improving Demand Drives 'Solid' Steel Consumption Forecast

Steel Dynamics reports first-quarter financial results after the market close on Tuesday. Here's a look at the key details from the print.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Ex-Cellmate Says Epstein Was Offered Plea Deal for Information on Trump: 'Give Them Something on Trump To Get Him Impeached'

Jeffrey Epstein was allegedly offered a plea deal by federal prosecutors. The deal was contingent on Epstein providing information on President Trump, as claimed by Epstein's former cellmate.

The Texas Lottery's top executive resigns as scrutiny over big jackpot winners intensifies

AUSTIN, Texas (AP) — The executive director of the Texas Lottery Commission has resigned, the latest shake-up at the state's retail gambling enterprise amid multiple in 2023 and earlier this year totaling nearly $200 million, and calls from some lawmakers to shut it down.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

South Carolina Senate seek at hearing to remove state treasurer over $1.8B accounting error

COLUMBIA, S.C. (AP) — South Carolina's Republican-dominated Senate and its elected Republican treasurer faced off Monday in an extraordinary hearing as senators try to kick the treasurer over a $1.8 billion accounting error.

'Dr. Doom' Rips Trump Over Fed Attacks: Fed Chair Helping President By Not Blinking In 'Clusmy Blame Game' As Rate Cuts Could Backfire

Macroeconomic expert Nouriel Roubini, commonly referred to as "Dr. Doom," has pushed back against President Donald Trump's verbal jabs at Fed Chair Jerome Powell, and his escalating attacks on the Federal Reserve's autonomy, amid demands for a preemptive rate cut.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Beyoncé Partnership, Strong Sales And Low China Exposure - Analyst Upgrades Levi Strauss To Buy

Levi Strauss & Co. (NYSE:LEVI) gets a bullish nod from BofA, highlighting its global brand strength, solid first-quarter results, and robust wholesale recovery. With low leverage and limited China risk, LEVI's diversified growth strategy fuel optimism.

Elon Musk's Tesla Reportedly Manipulating Odometers To Dodge Warranty Repairs

Tesla is facing lawsuit over odometer manipulation. Plaintiff claims premature warranty expiration, seeking damages for California Tesla drivers.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

OpenAI's Codex CLI, Intel's Reshuffle, And Nvidia's $500B Commitment: This Week In Artificial Intelligence

OpenAI launched a new coding agent, Intel's CEO initiated a leadership shakeup, and Nvidia faced a $17 billion hit in the AI arms race.

Bitcoin, Ethereum, Dogecoin Pump Along With Stock On US-China Trade War De-Escalation Hopes: Analyst Flags $95,600-$98,290 As BTC's Next Key Resistance

Leading cryptocurrencies rose alongside stocks on Tuesday on hopes that trade tensions between the U.S. and China would ease.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Cathie Wood Loads Up On $18.2 Million Worth Of Nvidia Stock, Adds $5.8 Million Worth Of Amazon Shares To Her Shopping Cart Amid Trump Tariff Upheaval

Cathie Wood's Ark Invest made bold moves Tuesday, buying millions worth of Amazon, NVIDIA, Tempus AI, and Coinbase shares across its ETFs.

4 dangerous assumptions that could hurt your retirement

Here are four dangerous assumptions that could hurt your retirement.

Putting Your Name on This List Could Hand You $1,270 on Friday

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Tesla Optimus Robot Hit By China's Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees

Tesla's Optimus robot production is facing significant challenges, including supply chain disruptions and China's new export restrictions on rare earth magnets, but Elon Musk remains hopeful that thousands of robots could be ready by year-end, despite the complexities involved.

Palantir Goes Bullish After NATO's AI Buy: Is This The Future Of War, Wall Street?

Palantir's stock jumps 9% after NATO acquires its AI-enabled system, showing its dominance in data and potential for growth.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Man Arrested For Arson At Pennsylvania Governor's Residence, Josh Shapiro Says, 'This Kind Of Violence Has Become Far Too Common'

A man was arrested for a targeted arson attack on Pennsylvania Governor Josh Shapiro's residence while he and his family were inside, prompting attempted murder and terrorism charges.

Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs

MELBOURNE, Australia (AP) — Jesse Schiller and Rachel Evans are likely the only business owners on to be directly affected by the Trump administration's , as the South Pacific outpost they call home exports nothing to the United States.

The Big Texas Party No One Is Talking About...

The Big Texas Party No One Is Talking About... - Ad

Hundreds gathered to privately celebrate deep in Texas' brush country -- locals, state officials, energy insiders, a former U.S. Secretary of Energy, even George W. Bush. Why? Opportunity and MONEY. Not from oil or natural gas ... but an energy-packed METAL that's set to unleash a massive, new third wave of Texas energy wealth.

What's Going On With Marin Software (MRIN) Stock?

Marin Software shares are trading lower by 23.7% during Wednesday's session. The company announced it received a notice from Nasdaq on April 16.

Trump nominee withdraws after her criticism of the Jan. 6 Capitol attack surfaces

BILLINGS, Mont. (AP) — President Donald Trump's nominee to oversee an agency that manages has withdrawn her nomination following revelations that she criticized the Republican president in 2021 for inciting the Jan. 6 attack on the U.S. Capitol.

Elon's Biggest Secret Could Save Your Retirement

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Bitcoin Taps $94,000: Is $99,000 Next?

Bitcoin (CRYPTO: BTC) is trading near $94,000 with technical signals pointing to a potential move toward $98,000–$99,000, according to a new report from 10x Research.

Meet The New Income Machines: Simplify Debuts SBAR And XV

Simplify Asset Management launches two innovative ETFs designed to provide structured, high-yielding income with well-defined downside risk in today's challenging investing environment.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Billionaire John Paulson Buys $800 Million Stake In Alaskan Gold Mine As Gold Hits Record Highs

Billionaire John Paulson has been building his miners portfolio for many years and is well-positioned to benefit from the soaring price of gold.

Trending Now

Jeff Bezos' Final CEO Letter Isn't Just About Amazon — It Is A Clarion Call For Resisting Normality: 'The World Wants You To Be Typical…Don't Let It Happen'