Shocking reports are speaking about billionaire Jeff Bezos losing a whopping $15 billion of his wealth in a single day after a huge stock slump.
Sources from local media outlets were quick to speak about how the world’s 500 richest individuals such as Mark Zuckerberg and Elon Musk lost a staggering $134 billion as a whole.
Shares of Amazon went down by a massive 8.8% on Friday while the wider sell-off in the market as per reports from Bloomberg spoke bout how Bezos’ net worth underwent another decline to hit $191 billion due to his wealth being wrapped undercover at his firm.
Bezos was offloading shares of Amazon to hit the $8.5 billion mark and then announcements were made about selling another mega amount of $5 billion worth of stocks.
This would leave him with 912 million shares or 8.8% of the stock value. On the other hand, tech giant Nasdaq 100 index also went down by 2.4% which impacted billionaires like Mark Zuckerberg as well as Elon Musk and entailed some of the world’s top 500 richest individuals.
Zuckerberg’s Meta company’s shares also fell 1.9% and caused him to lose nearly $3 billion in value. This all while Musk’s net worth of $252 billion also fell by $6.6 billion as shares of Tesla dropped 4.2%.