Jeff Bezos loses $13.5 billion of his fortune

The less-than-expected financial results of the giant American e-commerce company Amazon.com during the second quarter of this year led to a decline in the value of its founder Jeff Bezos' fortune by about 13.5 billion dollars.


And Bloomberg News Agency indicated today, Friday, that the results of Amazon, which were announced yesterday, after the end of the financial market transactions, came less than expectations, and an indication of the decline in the strength of retail trade that increased during the pandemic of the emerging Corona virus. Bezos has lost about 80% of the gains he made this year.

Amazon's stock fell in trading this morning on the New York Stock Exchange by 7.2% to $ 3,339.18, which led to a decrease in the value of Bezos' fortune to $ 193.6 billion. Despite this, the Amazon founder is still the richest person in the world, according to the Bloomberg Billionaire Index, surpassing Elon Musk, the founder and president of electric car maker Tesla.


And the Bloomberg Agency indicated that the current week was mixed for billionaires of technology companies in the United States. While the fortunes of Sergey Brin and Larry Page, founders of Google technology services, have increased thanks to the good results of Alphabet's owner of Google, the fortunes of the wealthy shareholders in Microsoft Corp and Facebook with the strong results announced by the two companies.
Facebook founder and CEO Mark Zuckerberg lost $5.4 billion in his fortune yesterday after the company's stock recorded its biggest decline in two months due to investor concerns about the slowdown in its advertising revenue growth.


 

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