Business

Amazon boss Jeff Bezos lost $13 billion in just 1 hour

Shares of the e-commerce company fell more than 8% in early New York trading on Friday as the company reported a quarterly loss and its slowest sales growth since 2001. If the losses persist, Bezos’ net worth will drop to about $155 billion, according to the Bloomberg Billionaires Index. At his peak last year, he was worth more than $210 billion.

Jeff Bezos lost $13 billion in an hour when Amazon stock plunged - Photo 1.

Bezos, the world’s richest person after Elon Musk, is already the billionaire with the fourth biggest drop in wealth this year. His total fortune has decreased by $23 billion as of April 28, according to the Bloomberg Billionaires Index.

Amazon is facing higher staffing costs after indiscriminate hiring during the Covid-19 pandemic and rising inflation that could stifle sales. The company posted a net loss of $3.8 billion for the quarter ended March 31, compared with a profit of $8.1 billion in the same period last year.

(According to Bloomberg)

https://cafebiz.vn/ong-chu-amazon-jeff-bezos-mat-trang-13-ty-usd-chi-sau-1-tieng-dong-ho-20220429204539037.chn


Equanimity

Back to top button