Forbes found that tech tycoons were most affected. They lost a combined $315 billion and 41 of them slipped down the list’s rankings. Mark Zuckerberg lost the most of anyone on the list, losing $76.8 billion and falling out of the top 10 for the first time since 2014.
Elon Musk unseated Jeff Bezos to place first on the list for the first time, gaining $60.5 billion from an increase in Tesla’s stock prices and new funding for SpaceX.
The top 10 people are worth a collective $1.6 trillion or 40% of the wealth represented on the Forbes 400 list. The list remains largely male, with only 58 women, an increase of two from last year.
Forbes calculated net worth using September 2 stock prices.