Friday proved to be a very bad day for Jeff Bezos, one of the richest people in the world. Jeff Bezos’ wealth fell by more than $15 billion in a single day amid a sell-off in stock markets worldwide.
Amazon’s Jeff Bezos Became So Poor
According to the Bloomberg Billionaires Index, Jeff Bezos’ net worth fell by $15.2 billion in just one day to $191 billion. However, he still occupies the second position in this list of the richest people in the world. According to Forbes’ Realtime Billionaires List, Jeff Bezos’ wealth decreased by $15 billion on Friday, and he is the second richest person with a net worth of $187.1 billion.
Bezos’ Wealth Decreased Due To This Reason
This decline in Jeff Bezos’ wealth has come due to the fall of the shares of his company, Amazon, on Friday. On Friday, Amazon’s stock price fell by a huge 8.8 percent. This huge fall has also affected Amazon’s market cap. Amazon’s market cap fell by $ 134 billion, i.e. more than Rs 11 lakh crore.
Big Losses Have Happened Before As Well
This is not the first time Jeff Bezos’s billion-dollar network has been wiped out in one go. Once, his wealth fell by $36 billion in a single day after the announcement of his divorce in 2019. Similarly, Bezos suffered losses when Amazon’s shares fell by 14 percent in April 2022.
Wealth Of Other Rich People Also Decreased
Jeff Bezos was not alone in losing wealth this Friday. Due to heavy selling in tech stocks, almost all the top 10 rich people suffered losses on Friday. Yesterday, the net worth of the world’s richest man, Elon Musk, decreased by $6.6 billion. Similarly, Larry Ellison suffered a loss of $4.4 billion in a day.
