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Asian Chip Stocks Selloff Wipes $18B From AI Tycoons’ Wealth

A global tech-stock selloff spreading into Asia erased more than $18 billion from the fortunes of 22 Asian billionaires on Friday, Nov. 6, after earlier losses topped $21 billion.m. Beijing time. SoftBank founder Masayoshi Son lost the most, with his personal wealth falling $3.9 billion to about $29 billion. Keyence founder Takemitsu Takizaki and ASE Technology’s Chang Chien-sheng were also among those down at least $1 billion.

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