If we look at the figures of billionaires’ wealth, Jeff Bezos‘s net worth has declined by $ 44 billion since January 1, 2022. With this, Bezos‘s net worth has slipped from this year’s peak of $ 210 billion to $ 148.4 billion.

The year 2022 did not start well for Jeff Bezos, the founder of the legendary e-commerce company Amazon and the world’s second richest person. This year he has suffered a big loss. According to a report, after the company’s quarterly results were out on Friday, its shares fell sharply and the stock breakdown had a direct impact on Bezos’s net worth. They have suffered a huge loss of $ 21 billion at once.

E-commerce giant Amazon reported a loss of $3.84 billion, or $7.56 per share, for the first three months as the company released its quarterly results on Friday, the report said. A year ago, it reported a profit of $8.1 billion, or $15.79 per share, for the first quarter. On this news, Amazon’s stock closed down 14.05 percent on Friday at $2,485.63. With this decline, the wealth of Amazon founder Bezos also decreased. According to the report, due to this fall in the shares on Friday, this day proved to be the worst for the company since 2006.

Net worth decreased to $ 148.4 billion
If we look at the figures of billionaires’ wealth, Jeff Bezos’s net worth has declined by $ 44 billion since January 1, 2022. With this, Bezos’s net worth has slipped from this year’s peak of $ 210 billion to $ 148.4 billion. Let us inform here that April was the worst month for Amazon and investor sentiments were negatively affected by falling stock prices, due to which Jeff Bezos’s wealth has decreased by $ 20.5 billion this month.

Net worth of the top rich decreased
If we look at the decrease in net worth, Jeff Bezos has proved to be the third biggest loser of this year in terms of earnings. Friday has turned out to be a very Black Friday not only for Bezos but also for other billionaires of the world. The market crash has collectively caused more than $54 billion in damages to the wealth of the world’s 500 richest people. On the other hand, Elon Musk’s wealth decreased by $3.63 billion to $249 billion. Apart from this, the net worth of Bill Gates has decreased by $ 2.73 billion.