Amazon stock price

2022 - 4 - 29

Post cover
Image courtesy of "Bloomberg"

Jeff Bezos Loses $13 Billion in Hours as Amazon Shares Slump (Bloomberg)

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, Bezosโ€™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.

Explore the last week