Jeff Bezos lost 13 billion in a few hours – La Nouvelle Tribune

The American Billionaire Jeff Bezos lost $13 billion in record time after Amazon’s results disappointed investors. The shares of the company thus fell drastically by more than 8% this Friday in New York. The fortune of the American was estimated last year, over $210 billion. It is now among the biggest fortune drops of 2022.

According to Bloomberg, Amazon is facing higher labor costs following a round of hiring during the pandemic and a spike in inflation that could dampen sales. The company posted a net loss of $3.8 billion in the quarter ended March 31, compared with a profit of $8.1 billion in the same period last year.

As a reminder, Jeff Bezos has long occupied the place of the richest man in the world before being dethroned by the other eccentric billionaire Elon Musk according to Forbes. The fortune ofElon Musk is $219 billion. Also in the top 3 are the founder and boss ofAmazonJeff Bezoswho was at the top of the ranking before 2022, and the chairman of the group LVMH (Louis Vuitton Moet Hennessy). Their fortunes are estimated at $171 billion and to $158 billion respectively.

Leave a Comment