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Jeff Bezos, founder and CEO of Amazon. (AP Photo / Cliff Owen)
Jeff Bezos, founder and chief executive of Amazon's e-commerce, closed Wednesday at the loss of 9.1 billion US dollars with a net worth of $ 144.7 billion, against a backdrop of sharp drop in US technology stocks. – part of what would be the largest decline in US stock indexes for more than six months.
Amazon shares fell 6.15% on Wednesday, closing at $ 1,755.25 a share. The trend is consistent with the trend observed this month: Amazon's stock has lost 13.2% of its value since early October. This is in stark contrast to the first nine months of 2018, when Amazon's shares rose steadily by nearly two-thirds. Most of Bezos' net worth comes from its 16% stake in Amazon.
Six other billionaires from the world of technology, ranked among the 20 richest in the world, were also affected by the fall in share prices. Together, their fortune dropped by $ 11.9 billion on Wednesday, according to Forbes Real time ranking. That includes Google co-founders Sergey Brin and Larry Page, who lost $ 4.3 billion at market close on Wednesday, down 4.2%. Mark Zuckerberg, CEO of Facebook, lost $ 2.4 billion Wednesday and is now worth $ 56.7 billion.
The NASDAQ Composite Index, heavily weighted by technology stocks, lost 4.08% on Wednesday. Since early October, the index has dropped 7.7%.
Bezos tops the 201 list of 201 wealthiest Americans established by Forbes 400, released last week, with a net worth of $ 160 billion. Forbes used stock prices from September 7 for this list. Despite the $ 9 billion drop today, Bezos remains the richest American. – in front of Bill Gates at No. 2 – and the richest person in the world.
Here is a list of the richest technology billionaires and how their fortune behaved well on Wednesday:
Jeff Bezos, Amazon
Decline in net worth: $ 9.1 billion, -5.9%
Total net worth: $ 144.7 billion
Bill Gates, Microsoft
Decrease in net worth: $ 1.8 billion, -1.8%
Total net value$ 96 billion
Larry Ellison, Oracle
Decrease in net worth: $ 1.6 billion, -2.7%
Total net value$ 57.9 billion
Mark Zuckerberg, Facebook
Decrease in net worth: $ 2.4 billion, -4%
Total net value$ 56.7 billion
Larry Page, Google
Decrease in net worth: $ 2.2 billion, -4.2%
Total net value$ 50.4 billion
Sergey Brin, Google
Decrease in net worth: $ 2.1 billion, -4.2%
Total net value$ 49.1 billion
Steve Ballmer, Microsoft
Decrease in net worth: $ 1.8 billion, -4.2%
Total net value: $ 41.7 billion
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Jeff Bezos, founder and CEO of Amazon. (AP Photo / Cliff Owen)
Jeff Bezos, founder and chief executive of Amazon's e-commerce, closed Wednesday at the loss of 9.1 billion US dollars with a net worth of $ 144.7 billion, against a backdrop of sharp drop in US technology stocks. – part of what would be the largest decline in US stock indexes for more than six months.
Amazon shares fell 6.15% on Wednesday, closing at $ 1,755.25 a share. The trend is consistent with the trend observed this month: Amazon's stock has lost 13.2% of its value since early October. This is in stark contrast to the first nine months of 2018, when Amazon's shares rose steadily by nearly two-thirds. Most of Bezos' net worth comes from its 16% stake in Amazon.
Six other billionaires from the world of technology, ranked among the 20 richest in the world, were also affected by the fall in share prices. Together, their fortune dropped by $ 11.9 billion on Wednesday, according to Forbes Real time ranking. That includes Google co-founders Sergey Brin and Larry Page, who lost $ 4.3 billion at market close on Wednesday, down 4.2%. Mark Zuckerberg, CEO of Facebook, lost $ 2.4 billion Wednesday and is now worth $ 56.7 billion.
The NASDAQ Composite Index, heavily weighted by technology stocks, lost 4.08% on Wednesday. Since early October, the index has dropped 7.7%.
Bezos tops the 201 list of 201 wealthiest Americans established by Forbes 400, released last week, with a net worth of $ 160 billion. Forbes used stock prices from September 7 for this list. Despite the $ 9 billion drop today, Bezos remains the richest American. – in front of Bill Gates at No. 2 – and the richest person in the world.
Here is a list of the richest technology billionaires and how their fortune behaved well on Wednesday:
Jeff Bezos, Amazon
Decline in net worth: $ 9.1 billion, -5.9%
Total net worth: $ 144.7 billion
Bill Gates, Microsoft
Decrease in net worth: $ 1.8 billion, -1.8%
Total net value$ 96 billion
Larry Ellison, Oracle
Decrease in net worth: $ 1.6 billion, -2.7%
Total net value$ 57.9 billion
Mark Zuckerberg, Facebook
Decrease in net worth: $ 2.4 billion, -4%
Total net value$ 56.7 billion
Larry Page, Google
Decrease in net worth: $ 2.2 billion, -4.2%
Total net value$ 50.4 billion
Sergey Brin, Google
Decrease in net worth: $ 2.1 billion, -4.2%
Total net value$ 49.1 billion
Steve Ballmer, Microsoft
Decrease in net worth: $ 1.8 billion, -4.2%
Total net value: $ 41.7 billion
