The world’s 500 wealthiest individuals lost a combined $108 billion on Monday following a sell-off triggered by Chinese artificial intelligence (AI) developer DeepSeek. The market decline affected major indices, with the Nasdaq Composite Index falling 3.1% and the S&P 500 dropping 1.5%.
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Chisom Michael
Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.
