Jump to content
Sign in to follow this  
Salty Dog

Jeff Bezos Lost More Than $9 Billion During Stock Market Plunge

Recommended Posts

Salty Dog
Quote

 

No billionaire was hit as hard by Wednesday's stock market plunge — which included an 832-point dive by the Dow — than Jeff Bezos.

During the Wednesday selloff, the Amazon founder and CEO lost more than $9 billion. 

Then again, that's what happens when you are the richest person in the United States. Earlier this month, his net worth reached $160 billion, according to Forbes.

The Bloomberg Billionaires Index shows Bezos total net worth is $145 billion, comfortably ahead of Bill Gates, who sits second at $96.3 billion.

Gates didn't escape Wednesday's ugly trading day unscathed, though. He lost more than $2 billion, while Warren Buffett lost nearly $4.5 billion.

Last week, Amazon — criticized for not giving employees a fair wage — announced it would raise the minimum wage for all employees to $15 an hour.

 

https://www.usatoday.com/story/money/nation-now/2018/10/11/amazon-ceo-jeff-bezos-lost-9-billion-stock-market-drop/1599951002/

  • Thanks 1

Share this post


Link to post
Share on other sites
rfm010

Bezos, gates, buffet.  They wont miss their billions as much as i will miss my thousands.  Damn, reminds me i forgot to buy a lottery ticket.

  • Like 2

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Commercial Banner Advertisers

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and Guidelines. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..