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    World's richest reportedly saw fortunes fall $50 billion as stocks slid after September inflation data

    Forbes reports Elon Musk's net worth fell $17.6 billion by late morning, while Michael Dell lost approximately $15 billion.

    ForbesFO
    1 Source, 1h ago, first seen 1h ago

    TLDR

    September's consumer price index showed prices rose 0.6% for the month and 3.7% over 12 months, Forbes reports. As stocks slid on October 14, Forbes put the hit to the world's richest fortunes at $50 billion. It reported losses of $17.6 billion for Elon Musk, approximately $15 billion for Michael Dell and roughly $11.2 billion for Larry Ellison on Wednesday morning.

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    Combined views

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    Image: @Forbes on X

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    Forbes@ForbesStocks slumped on Wednesday morning after consumer price index data showed slightly worse than expected inflation in September, erasing billions of dollars from the fortunes of the world’s wealthiest people. Read more: https://www.forbes.com/sites/zacharyfolk/2026/10/14/worlds-richest-lose-50-billion-as-stocks-slide-after-hot-inflation-report/?utm_source=ForbesMainTwitter&utm_medium=social&utm_campaign=ForbesMainTwitter 📸: Finn Gomez via Getty Images1h
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    Forbes@ForbesStocks slumped on Wednesday morning after consumer price index data showed slightly worse than expected inflation in September, erasing billions of dollars from the fortunes of the world’s wealthiest people. Read more: https://www.forbes.com/sites/zacharyfolk/2026/10/14/worlds-richest-lose-50-billion-as-stocks-slide-after-hot-inflation-report/?utm_source=ForbesMainTwitter&utm_medium=social&utm_campaign=ForbesMainTwitter 📸: Finn Gomez via Getty Images1h
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