The Last couple of days as been somewhat of a bad time at the office for the world's richest man Jeff Bezos according to Forbes. The Amazon Founder lost an estimated amount of $8 Billion Dollars in a couple of days. Bringing his total wealth down from $118 Billion dollars to $110 Billion dollars taking his total loss in a month to over $18 Billion dollars but the Amazon CEO isn't too bothered about it because he still has enough in his coffers to keep him going. The loss is just a 4.4% decline in his fortune and for him it might just be a typical day at the office.
Now I'm sure you'd like to know how all this losses came about. Well to break it down for you easily, he lost billions in Dollars as Amazon stock fell drastically between Mondays opening and Friday's closing in the stock markets.
Initially Amazon made billions during the Lockdown because as people were forced to stay home, meant more and more people had to order online for most of the things they needed and they all turned to the world's biggest online market place, Amazon!!!
While most Billionaire's are seeing their fortunes drop in numbers, one man is raking in the money and subsequently jumped number 31 to number 9 in the Rich list. And that man is no other and owner of tesla Elon Musk.
His net worth has nearly tripled in the last four months to $69.1 billion from $24.6 billion, largely due to an incredible and massive 320% increase in Tesla’s stock. It’s the first time Musk ranks among the world’s top 10.
“I really couldn’t care less, those numbers rise and fall, but what really matters is making great products that people love.” - says Elon Musk when he was interviewed recently about his rise into the top 10 richest people in the world.
What do you have to say about all this, do you think the Amazon Founder founder will finally get overthrow from the number one spot?
Let us know your thoughts in the comments section.
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