Jeff Bezos’ net worth: Jeff Bezos’ net worth has declined recently due to the fall in Amazon’s shares. The company’s market cap has fallen by $130 billion, causing Bezos’ wealth to fall by $16 billion (about Rs 1,34,075 crore). This is his third biggest financial loss in the last 5 years.
The recent massive drop in Jeff Bezos’ net worth
Business news: This recent decline in Jeff Bezos’ financial position has had a major impact on his net worth. The massive drop in Amazon shares has led to a drop in the company’s market cap by more than $130 billion, reducing Bezos’ net worth by $16 billion (roughly Rs. 1,34,075 crores).
This decline is a significant financial setback for Bezos in recent years, as it is his third biggest financial loss in the last 5 years. His wealth had declined significantly after the divorce in 2019 and Amazon shares also saw a decline of 14 per cent in April 2022. Now, the recent additional decline of 9 per cent has further affected Jeff Bezos’ net worth.
Stock market fluctuations are always a challenging situation for businessmen, and this situation could prove to be a turning point for Jeff Bezos as well.
15% decline in a month
Amazon shares fell: The recent decline in Amazon shares has had a significant impact on the company’s market cap. The company’s shares on the NASDAQ have fallen by 8.78 per cent to $167.90. During the trading session, the price of these shares also fell to $160.55.
Amazon shares have seen an overall decline of 15 per cent in the last month. Due to this decline, the company’s market cap has come down significantly, which is affecting Jeff Bezos’ net worth.
There could be several possible reasons behind this decline in shares, such as an economic slowdown, changes in the company’s financial situation, or broader market volatility. This situation could be worrisome for Amazon and its investors and could have future implications for the company.
According to a Bloomberg report, Amazon’s market cap has recently declined by $134 billion, and the company’s market cap currently stands at $1.77 trillion. This decline is the third biggest financial loss for Jeff Bezos in the last 5 years.
- April 2019: Bezos lost $36 billion after the divorce announcement.
- April 2022: Another huge financial loss as Amazon shares fell by 14 per cent.
- Recent Drop: Now Bezos’ net worth has decreased further with a recent decline of 8.78 per cent.
These continuous financial losses are significantly affecting Bezos’ investments and his net worth. These fluctuating conditions in the stock market are always challenging for investors, and big businessmen like Bezos are also not untouched by them.
The recent decline in Jeff Bezos’ net worth has caused him a loss of $15.2 billion (about Rs 1.27 lakh crore). After this, his total net worth is now $191 billion.
Although Bezos has gained $14.6 billion in the current year, his net worth has decreased by $31 billion in the last one month.
Despite this decline, Bezos still remains the second richest businessman in the world, while Elon Musk is in the first place. Despite the fluctuations in Bezos’ net worth, he continues to maintain a significant financial position through his business and investments.