Jeff Bezos Net Worth: The net worth of Jeff Bezos, founder and executive chairman of the giant American tech company Amazon, has fallen drastically by about Rs 1,34,075 crores (16 billion dollars). 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.
Amazon’s share price reaches close to 2-year-old level
With this decline, the price of the company’s stocks has reached close to 2-year-old level. On Thursday, the company reported that its revenue in the second quarter was $ 147.9 billion, after which by 3:30 pm Amazon shares fell more than 9% to below $ 167. While experts had estimated 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. The value of his stake in the company fell from $170.8 billion to around $154.9 billion at the close of trading on Thursday.
Bezos second on the list of rich despite heavy losses
According to Forbes report, after the company’s shares fell by about 9% on Friday, Bezos is still the second richest person in the world 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 suffered a loss of at least 1 billion dollars, which also includes the names of giants like Elon Musk, Bernard Arnault, Mark Zuckerberg.
