the other mike
Diamond Member
It won't be official until after today's close.
Amazon stock has cost its founder Jeff Bezos a fortune in a single day and stripped him of the title of the world’s wealthiest person, giving Microsoft co-founder Bill Gates the top spot.
Shares of the world’s biggest online retailer were down around 9 percent to $1,624 during after-hours trading on Thursday as Amazon reported disappointing third-quarter earnings, spooking investors. Despite increased sales, both Amazon’s operating and net income decreased by $500 million and $800 million respectively, the company revealed.
The tumbling stock reportedly cost Bezos $6.9 billion. The losses brought Bezos' fortune, already knocked down by costly divorce with MacKenzie Bezos, down to $103.9 billion, putting him behind Gates, whose net worth is $105.7 billion, according to Forbes.
Brother, can you spare a dime? Jeff Bezos dethroned as world’s richest man
Amazon stock has cost its founder Jeff Bezos a fortune in a single day and stripped him of the title of the world’s wealthiest person, giving Microsoft co-founder Bill Gates the top spot.
Shares of the world’s biggest online retailer were down around 9 percent to $1,624 during after-hours trading on Thursday as Amazon reported disappointing third-quarter earnings, spooking investors. Despite increased sales, both Amazon’s operating and net income decreased by $500 million and $800 million respectively, the company revealed.
The tumbling stock reportedly cost Bezos $6.9 billion. The losses brought Bezos' fortune, already knocked down by costly divorce with MacKenzie Bezos, down to $103.9 billion, putting him behind Gates, whose net worth is $105.7 billion, according to Forbes.
Brother, can you spare a dime? Jeff Bezos dethroned as world’s richest man
