Jeff Bezos Loses $13 Billion in Hours
Jeff Bezos saw $13 billion of his fortune melt away after Amazon.com Inc.’s results left investors disappointed.
Shares of the e-commerce company slumped more than 8% 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 $155 billion, according to the Bloomberg Billionaires Index.
At his peak last year, he was worth more than $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 $23 billion through Thursday, according to the Bloomberg Billionaires Index.