Jeff Bezos loses $ 13.5 billion of his fortune



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Jeff Bezos loses $ 13.5 billion of his fortune

Reuters

Founder and Former CEO of Amazon, Jeff Bezos

Lower than expected financial results for US e-commerce giant “Amazon” in the second quarter of the year saw the value of the fortune of company founder Jeff Bezos drop by around $ 13.5 billion of dollars.

And the “Bloomberg” news agency said on Friday that the results of “Amazon” which were announced yesterday, after the end of the transactions in the financial markets, were lower than expectations, and an indication of the decline of the force. retail trade that grew during the emerging Corona virus pandemic, and Bezos has lost about 80% of the gains made in the current year.

Amazon stock fell 7.2% to $ 3,339.18 on Friday morning on the New York Stock Exchange, causing the value of Bezos’ fortune to drop to $ 193.6 billion.

Despite this, the founder of “Amazon” is still the richest person in the world, according to the “Bloomberg” Billionaire Index, surpassing Elon Musk, the founder and chairman of electric car maker Tesla.

And the agency “Bloomberg” indicated that the current week has been mixed for billionaires of technology companies in the United States, while the fortunes of Sergey Brin and Larry Page, founders of the technology services company “Google” , grew thanks to the good results of “Alphabet” company which owns “Google”, the wealth of wealthy shareholders of Microsoft Corp and Facebook announced the strong results reported by the two companies.

Facebook founder and chairman Mark Zuckerberg lost $ 5.4 billion from his fortune yesterday after the company’s stock posted its biggest drop in two months amid investor concerns over the slowdown in the market. growth in advertising revenue.

Source: db a



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