Jeff Bezos Is No Longer The Richest Person In The World After Amazon Stock Plunges

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Amazon founder and chief executive Jeff Bezos lost his title as the richest man in the world during after-hours trading on Thursday, after his ecommerce behemoth reported lackluster third-quarter earnings.

Amazon shares fell 7% in after-hours trading, knocking Bezos’ fortune down to $103.9 billion. That puts him at number two among the world’s richest. The new number one: Microsoft cofounder and fellow Washington state resident Bill Gates, who is worth $105.7 billion.

Bezos became the richest man in the world in 2018 and the first centibillionaire to ever appear on the The Forbes 400 that year with a net worth of $160 billion, ending Gates’ 24-year run as number one.

Read more at FORBES.

{Matzav.com}


4 COMMENTS

  1. As someone that knows what it means not to be the richest man in the world, I can only imagine what he must be going through..

  2. Maybe someone should set up a go fund me account-after all, being the richest in the world and falling o second place must be very tramatizing! Who knows what depression he could fall to, if he doesn’t make it back up to first place-rechmna letzilon….let everyone know they should contribute to the Jeff Bezos go fund me account…

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