Maybe One Less New Yacht This Year: Jeff Bezos Loses $20 Billion in One Day, Drops to Third Richest Person

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Amazon founder Jeff Bezos lost $20 billion in wealth in one day following the poor performance of Amazon’s stock. Bezos still has $150 billion to his name despite Amazon’s disastrous earnings report.

The New York Post reports that Amazon founder Jeff Bezos saw his wealth drop by $20 billion this week, making him the third richest person in the world following a major drop in Amazon stock value on the release of the company’s first-quarter earnings report. Bezos’ net worth dropped from $170.5 billion on Thursday to $150 billion on Friday following the news.

Bezos is now the third richest person in the world, trailing behind Bernard Arnault — the French luxury tycoon with an estimated net worth of $157.7 billion, and Tesla CEO Elon Musk with a net worth of $246 billion. Bezos has had significant losses since hitting a peak of $210 billion last year when he was listed as the world’s richest person.

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