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Jeff Bezos, CEO of Amazon.com (AMZN), was one of the biggest losers in Wednesday's sale, as his personal fortune was hit hard by Amazon's decline during the session.
Bezos, the richest man in the world, lost $ 9.08 billion on Wednesday after Amazon dropped 6.15% and entered correction territory with a 14% drop from its record $ 2,039.51 on September 4.
Do not worry about the billionaire tycoon: his fortune still remains at 145 billion dollars despite the losses. For the year, Bezos 'fortune has grown by $ 46.2 billion, according to Bloomberg' s billion – dollar index.
While Bezos was hit hardest on Wednesday, he was not the only billionaire to see his fortune fall slightly.
Bill Gates, founder of Microsoft Inc. (MSFT), Warren Buffett, Chairman of the Board of Berkshire Hathaway Inc. (BRK.A), Bernard Arnault, founder of the LVMH luxury brand group, and Amancio Ortega, founder of the Spanish company Inditex (they complete the five richest countries in the world) have all seen their holdings fall between nine and ten figures thanks to the global decline in equities.
Gates' fortune dropped from $ 2.15 billion to $ 96.3 billion, Buffett's holdings of $ 4.48 billion to $ 87.5 billion, Arnault's pile dropped from $ 4.53 billion to $ 46.9 billion. Ortega was one of the lucky ones. His fortune only decreased by $ 438 million, or $ 64.4 billion.
Other notable billionaires whose wealth is declining include Jack Ma, CEO of Alibaba Group Holding Ltd. (BABA), Larry Ellison, President of Oracle Corp (ORCL), and Mark Zuckerberg, CEO of Facebook Inc. (FB). Their fortunes dropped by $ 1.25 billion, $ 1.35 billion and $ 2.5 billion, respectively.
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