Amazon founder Jeff Bezos erased $ 20 billion from its value in one day, dropping to third in the world rankings after Amazon shares crashed 14% in New York on Friday. This is after the company reported a transition to a quarterly loss. The fortune of the company’s founder has shrunk to $ 150 billion. Who took second place?
Billionaire Jeff Bezos, the founder of Amazon, lost $ 20 billion of his personal fortune last Friday, dropping to third place in the world’s tenth ranking. This is due to the declines in the markets that have hurt many investors.
The decline in value came after the company’s stock plunged 14% in New York after reporting a huge loss of $ 3.84 billion in the first quarter of 2022.
Currently, Bezos’ personal fortune is estimated at $ 150.1 billion, compared to $ 170.5 billion on Thursday. Bezos, who was ranked No. 2 on Forbes’ list of the world’s richest, dropped to No. 3, making way for Bernard Arno, the French fashion tycoon and owner of Louis Vuitton whose fortune was estimated at $ 157.7 billion.
It should be noted that Bezos’ fortune has suffered a sharp decline since it recorded a record $ 210 billion last year, when he was the richest man in the world according to a report in the New York Post. According to a report by the British Daily Mail This year.