Jeff Bezos, the founder and Executive Chairman of Amazon.com Inc. (NASDAQ:AMZN), saw his net worth take a plunge, alongside the shares of his company, following its second quarter results last week.
What Happened: The fourth-richest man in the world, with a net worth of $237 billion, according to the Bloomberg Billionaires Index, lost $17 billion last week on Friday, from $254 billion the prior day, after investors were unimpressed with the company’s second-quarter earnings.
The stock was down 8.27% on Friday, following the company’s results, despite it beating consensus estimates on sales and earnings.
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