Jeff Bezos Net Worth: The net worth of Jeff Bezos, founder and executive chairman of the giant American tech company Amazon, has fallen by a whopping Rs 1,34,075 crore ($16 billion). After the company’s disappointing job report, Amazon’s stocks saw a massive sell-off and the share price closed with a huge drop of about 9 percent.
The price of Amazon shares reached close to 2 year old level
With this decline, the price of the company’s stocks has reached close to 2-year old levels. On Thursday, the company reported that its revenue in the second quarter was $147.9 billion, after which by 3:30 pm Amazon’s shares fell more than 9% to below $167. Whereas experts had estimated a revenue of $148.5 billion for Amazon.
Jeff Bezos owns 929 million shares of Amazon
After this latest decline, Amazon’s stock appears to be heading towards its worst phase since April 28, 2022, when Amazon shares fell by 14%. Jeff Bezos owns a total of 928 million shares of Amazon. At the close of trading on Thursday, the value of his stake in the company fell from $170.8 billion to around $154.9 billion.
Despite huge losses, Bezos is second on the rich list
According to Forbes’ report, after the company’s shares fell by about 9% on Friday, Bezos is still the world’s second richest person with a net worth of $ 186.2 billion. Let us tell you that after the fall in the global market on Friday, all the 10 richest people in the world lost at least $ 1 billion, including the names of giants like Elon Musk, Bernard Arnault, Mark Zuckerberg.
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