Top US software billionaires lost $62B in 2026
In 2026, the top US software billionaires saw their fortunes drop by $62 billion, amid investor worries about AI changing the game and concerns over higher capital costs and broader valuation pressures.
Oracle's Larry Ellison lost almost $40 billion, while AppLovin's Adam Foroughi watched his wealth fall by $10 billion in just two months.
AI's impact on legal tech and investor sentiment
AI tools like Anthropic's new Cowork plugins are automating legal and business tasks, which spooked investors and caused big drops in legal tech stocks—LegalZoom fell up to 20%, Thomson Reuters by 19%, and others weren't far behind.
With interest rates rising too, people are now looking for safer bets instead of hoping for future growth.
If you're into tech or investing, it's a reminder that AI isn't just hype—it's already shaking things up.