Why did tech giants Jeff Bezos, Mark Zuckerberg, and Elon Musk lose $30 billion overnight? Here is the reason

Fears among investors and poor economic data caused the U.S. stock market to fall rapidly. Global markets, particularly Japan, were impacted by the decline in major indices. Jeff Bezos, Mark Zuckerberg, and Elon Musk—three of the biggest tech billionaires—saw significant declines in their net worth.