Jeff Bezos, Elon Musk lead tech wealth retreat as $44 billion evaporates
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The tech industry's 10 wealthiest people had $44 billion erased from their collective net worths as US equities tumbled the most in almost three months over investor concerns about frothy valuations. Amazon founder Jeff Bezos led the way, dropping $9 billion as shares of the e-commerce giant fell the most since June. Elon Musk's net worth fell by $8.5 billion as Tesla neared bear-market territory, marking his third-straight day of declines.