On Thursday, Amazon stunned Wall Street by reporting a loss of $3.84 billion, or $7.56 a share, for the first three months of the year. The plunge in Amazon's share price pushed the Nasdaq toward sharp monthly declines on Friday, and US markets looked set to end March with their worst monthly performance since the beginning of the COVID-19 pandemic. The losses suffered by Bezos are on paper only, meaning that they could be reversed if Amazon's stock price rises again before he sells his shares. Including Friday's losses, Bezos has lost about $40 billion from his net worth since the beginning of the year - but he remains the second wealthiest person in the world, after Elon Musk. Shares of Amazon were down 12.59 percent at noon on Friday, to $2,527.64, after the company announced its first quarterly loss since 2015 © Provided by Daily MailĪmazon founder and chairman Jeff Bezos has seen roughly $20 billion wiped off his net worth, as the company's stock heads for its worst day on the markets in eight years But, its e-commerce business also reported an operating loss of $1.57 billion in North America, and $1.28 billion internationally as sales cooled after a pandemic high.Īt the close of markets on Thursday, Bezos was worth about $169 billion, according to the Bloomberg Billionaires Index, and his $20 billion wipeout on Friday represented about a 12 percent decline in his fortunes. The red ink came mostly from a $7.6 billion loss in value of its stock investment in Rivian Automotive. Shares of Amazon were down 12.6 percent at noon on Friday, to $2,527.64, after the company announced its first quarterly loss since 2015, and slowing sales growth for the first time in 21 years.īezos owns an 11.1 percent stake in the company, and the vast majority of his fortune consists of Amazon stock, meaning the billionaire suffered huge losses on paper as the shares tanked. Prince Harry's shooting party pals told sexist and trans jokes, book claimsĪmazon founder and chairman Jeff Bezos has seen roughly $20 billion wiped off his net worth, as the company's stock heads for its worst day on the markets in eight years.

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