The company reported third quarter revenue of $127.10 billion, which is up 15% year over year, but it missed Wall Street estimates of $127.46 billion.
#Jeff bezos net worth wealth tracker full
He has used his vast fortune to fund the privately owned rocket company Blue Origin.īezos’ successor as CEO, Andy Jassy, has his hands full steering the company through an inhospitable economic environment that has eaten into profits of Amazon as well as other blue-chip tech giants like Meta and Google.Īmazon on Thursday projected that its revenues in the final quarter of this year would range between $140 billion and $148 billion - which is far below analyst estimates of $155.15 billion. REUTERSīezos, who stepped down as CEO of the company he founded in July 2021, owns a 10% stake in the Seattle-based e-commerce giant. Amazon shares plummeted by more than 20% in afterhours trading on Thursday. At the height of his wealth, Bezos was worth $214 billion thanks to Amazon’s stock, which was trading at a record level of nearly $186 per share during the coronavirus pandemic. Since July 2021, Bezos has seen his net worth fall by more than $90 billion as Amazon has shed nearly $1 trillion in value.
The 58-year-old Bezos, whose wealth is tied to his ownership stake in Amazon, had a net worth of $126.9 billion as of Friday, according to Forbes’ updated list of the richest people in the world.īezos, once the world’s richest person, is now fourth on the list behind Tesla and Twitter boss Elon Musk, French luxury mogul Bernard Arnault and Indian businessman Gautam Adani. The 21% drop in the stock price translates into a loss of $23 billion from Bezos’ net worth.īut stock price - and subsequently Bezos’ wallet - rebounded after the opening bell Friday. Jeff Bezos was $7.5 billion poorer on Friday as Amazon stock fell by nearly 7% in the wake of a less-than-stellar earnings report.Īmazon shares had dropped by as much as 21% in after-hours trading on Thursday after the company predicted sluggish sales for the holiday shopping season. Jeff Bezos’ Bid for the Washington Commanders Falls Short Jeff Bezos’ massive new $500M superyacht - complete with helipad and pool - spotted in North Sea
NFL lacks votes to force Snyder to sell Commanders but Bezos still may enter bid: sources Meanwhile, Bloomberg earlier today reported that Arnault has spent about 440 million euros ($538 million) in recent months acquiring shares of the world’s largest luxury-goods maker, a sign of confidence that demand for $39,000 Louis Vuitton handbags and Dom Perignon champagne will thrive after the pandemic.Lefty NY hypocrites set to hike tax breaks for Hollywood The value of individuals’ public holdings are updated every 5 minutes when respective stock markets are open (there will be a 15-minute delay for stock prices). The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. Shares in the Paris-based owner of Christian Dior have surged more than 20% this year, helping Arnault, 72, to briefly overtake Elon Musk as the world’s second-richest person.įorbes' Real-Time Billionaires rankings tracks the daily ups and downs of the world’s richest people. LVMH reported first-quarter sales growth last month that beat analysts’ estimates, fueled by China and other Asian nations.
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