If the loss persists, Bezos’s net worth will drop to around US$155 billion
Author of the article:
Bloomberg News
Cecile Vannucci
Jeff Bezos has lost US$23 billion this year through Thursday. Photo by Mandel Ngan/AFP via Getty Images Jeff Bezos saw US$13-billion of his fortune melt away after Amazon.com Inc.’s results left investors disappointed.
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Shares of the e-commerce company slumped more than 8 per cent in early New York trading on Friday as it reported a quarterly loss and the slowest sales growth since 2001. If the loss persists, Bezos’s net worth will drop to around US$155 billion, according to the Bloomberg Billionaires Index. At his peak last year, he was worth more than US$210 billion.
Bezos, the world’s richest person after Elon Musk, was already the fourth-biggest wealth loser this year, with his fortune dropping by US$23 billion through Thursday, according to the Bloomberg Billionaires Index.
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Bloomberg.com
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