HomeNewsBusinessBillionaire Jeff Bezos' net worth declines by $13.5 billion after Amazon shares tumble at Wall Street

Billionaire Jeff Bezos' net worth declines by $13.5 billion after Amazon shares tumble at Wall Street

Despite the drop in shares, Bezos still remains the world’s richest person, according to the Bloomberg Billionaires Index. He is ahead of Tesla Inc.’s Elon Musk by approximately $8 billion.

July 31, 2021 / 16:52 IST
Story continues below Advertisement
Jeff Bezos
Jeff Bezos

With Amazon.com Inc's drop of 7.2 percent to $3,339.18 at 9:53 am in New York on July 30, the firm's ex-chief Jeff Bezos' net worth fell $13.5 billion and ended at $193.6 billion.

Despite the drop in shares, Bezos still remains the world’s richest person, according to the Bloomberg Billionaires Index. He is ahead of Tesla Inc.’s Elon Musk by approximately $8 billion.

Story continues below Advertisement

The after market results missed Wall Street expectation, leading to easing of 80 percent of the Bezos' wealth gains for the year.

ALSO READ: Jeff Bezos ready to cover $2 billion in costs if NASA agrees for Blue Origin's moon mission contract