After Amazon Bust, Bezos Dethroned As World’s Richest Man
Amazon shares are down dramatically overnight following a dismal earnings report, and while that is painful for all the highly-levered momo followers invested in the firm, it is without doubt more painful for one person in particular.
AMZN shares are down over 8% in early trading…
Bezos owns 57,657,362 Amazon shares, according to the most recent SEC filing, and so at the pre-market price, Bloomberg reports that Bezos would have a net worth of $102.8 billion, ranking him second, and almost $5 billion behind Gates, according to the Bloomberg Billionaires Index.
Of course, Bezos net worth already took a tumble earlier this year due to his amicable divorce. Bezos wealth is below that of Bill Gates for the first time since Oct 2017…
Notably, Mackenzie Bezos’ net worth would drop to $32.9 billion with Amazon shares priced at $1,637, but she’d remain the world’s fourth-richest woman.