The Strategist

The world's richest person loses more than $ 19 billion in two days

10/31/2018 - 11:55

Amazon’s head and co-owner Jeff Bezos, who is a the top of the rating of the richest people in the world in several versions, including the Bloomberg news agency rating, lost $ 19.2 billion over the past two days due to a decline in the value of the company's shares, the agency said.

The world's richest person loses more than $ 19 billion in two days
Shares of Amazon retailer lost 7.8% on Friday, and another 6.3% on Monday. Investors were disappointed with the company's reporting. The loss occurred due to a lack of strong growth in quarterly revenue compared to forecasts.

Volatility of global stock markets also contributed in cheapening of the shares. As a result, the head of Amazon lost $ 19.2 billion, which was a new record for such a period.

At the moment, the capital of Bezos is estimated at $ 128.1 billion, while the billionaire retained the first line in the list of the richest people in the world, follows from the data of the Bloomberg Billionaires Index (BBI).

The previous record for a two-day decline in a financial condition belonged to the founder of the social network Facebook, Mark Zuckerberg, who lost $ 16.5 billion in July.

In September, Amazon became the second American company, whose capitalization exceeded $ 1 trillion. In August, the value of the American corporation Apple reached this level.

In April 2018, the quotes of the world's largest online commerce company fell amid accusations from US President Donald Trump.

On April 2, Amazon shares ended trading on the Nasdaq Stock Exchange by a fall of 5.1% after another round of negative comments from Trump. President of the United States reiterated that the corporation "does not pay taxes," profits from the US Postal Service and leads to the bankruptcy of other companies.

As a result of comments in the media and direct statements in social networks from Donald Trump, Amazon’s position came under serious pressure.


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