Apr 30, 2022

Jeff Bezos Loses $13 Billion in Hours as Amazon Shares Slump

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Amazon slid 14%, pulling Nasdaq 100 to lowest since March 2021.

Jeff Bezos saw $20.5 billion of his fortune melt away after Amazon.com Inc.’s results left investors disappointed, helping fuel the worst month for technology stocks in years.

Shares of the e-commerce company were down 14% on Friday after it reported a quarterly loss and the slowest sales growth since 2001. Bezos’s net worth fell to $148.4 billion, according to the Bloomberg Billionaires Index, from a peak this year of more than $210 billion.

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