Home General News Jeff Bezos’s Net Worth Drops Again With $8

Jeff Bezos’s Net Worth Drops Again With $8

 

In the recent days, Jeff Bezos has witnessed a fall in his net worth in the last two business days. The founder and CEO of the Amazon e-commerce group has experienced a fall of $19 billion as against the fall of $11 billion on Friday and $8.2 billion on Monday respectively.

 The founder of the e-commerce group who owns 16% of the company’s stock is now estimated $127.6 billion. Despite his fall in net worth, he is still considered the richest man on the planet.

The low turnout of stock result earnings has left investors gloomy and disappointed over the weak sales guidance during the important holiday quarter. The group has reported third quarter results of 23% last week that has missed their mark.

The Group had expected revenue to grow between 10% to 20% in the current fourth quarter, but the failure in this expectation had made this the slowest holiday season since 2014.

With the rise in shares climbing 56% in 2017, 31% in early 2018 gave the boost in Jeff Bezos becoming the first pick in Forbes list of richest Americans. He achieved a net worth of more than $100 billion surpassing Bill Gates as the richest. He has since progressed from a worth of $81.5 billion in September 2017 to $160 in September 2018.

 Though he is not the only one who has witnessed a fall in stock lately, but such markets low turnout can be risky to a business. Improvement in revenue can be alleviating.

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