The fortunes of the founders of Google, Facebook, and Amazon tumbled more than US$16 billion dollars combined on Monday after reports surfaced that big tech firms may be the target of several antitrust probes.
Google founders Sergey Brin and Larry Page are US$2.6 billion and US$2.7 billion poorer, respectively. Brin’s net worth is now US$45.6 billion while Page is worth US$48.4 billion, according to Forbes’ Billionaires Real Time Ranking.
Facebook CEO Mark Zuckerberg’s fortune is US$4.8 billion smaller. His net worth is now US$61.2 billion.
Amazon founder and CEO Jeff Bezos was the biggest loser, with his net worth dropping US$6.5 billion. But he’s still the wealthiest person in the world with a net worth that Forbes pegs at US$139.8 billion.
On Monday, June 3, several news outlets reported that the Department of Justice and the Federal Trade Commission decided which agencies have jurisdiction over any possible antitrust cases against Google, Facebook, Amazon, and Apple. After the news broke, shares of each company fell sharply.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
