Financial markets across the globe fell sharply on Friday, and Warren Buffett's wallet is taking a hit.
U.S. stocks dropped more than 2 percent after Chinese equities fell into bear market territory. The Dow Jones industrial average fell 536.94 points at session lows.
Dow Jones in 2016Source: FactSet
Buffett, however, was not alone.
Bill Gates, founder of Microsoft, was primed for a $475 million fall on Friday, as Microsoft dropped 4.1 percent. Gates still holds over 200 million shares of Microsoft, FactSet data showed.
Google co-founders Sergey Brin and Larry Page were on pace to lose over $784 million, as Alphabet's common stock fell over 3 percent.
Meanwhile, activist investor Carl Icahn was poised to lose over $138 million from his Apple holdings, which total nearly 53 million shares, according to FactSet.