World’s Richest Lose $134 Billion in Stock Slump, Led By Bezos

Aug. 2, 2024, 8:56 PM UTC

Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from the fortunes of the 500 richest people in the world.

Shares of Amazon.com Inc. slid 8.8% amid a broader selloff in the market, dropping Bezos’ net worth to $191.5 billion, according to the Bloomberg Billionaires Index. The one-day wipeout is his third-worst, trailing only April 4, 2019, when the Amazon co-founder’s wealth tumbled $36 billion following his divorce settlement, and April 29, 2022, when Amazon shares plunged 14%.

Jeff Bezos
Photographer: Robert Perry/Bloomberg

The Nasdaq 100 Index fell 2.4%, dragging down the fortunes of ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.