Amazon CEO Jeff Bezos lost $ 18 billion in two weeks

The founder and head of Amazon’s online store, billionaire Jeff Bezos (Jeff Bezos), was almost 18 billion dollars impoverished after Amazon shares fell in price for publishing weak quarterly company reports, according to online Forbes data.
Thus, in the ranking of the richest people in the world according to Forbes, Bezos now ranks third. As of 19.16 Moscow time on Monday, the general condition of the billionaire is estimated at 72.8 billion dollars. While before the publication of Amazon’s financial results on July 27, Bezos’s fortune reached 90.6 billion Dollars, which made him a few hours the richest man on the planet.
The profit of Amazon in the second quarter was 197 million US dollars, which is 4.35 times less than in the same period in 2016. The diluted earnings per share were $ 0.40 compared to $ 1.78 a year earlier. Experts at the same time expected a profit of $ 1.42 per share. After the publication of the report, Amazon papers became cheaper.
Now the richest man on the planet, according to Forbes, still remains one of the founders of the American IT-corporation Microsoft Bill Gates, his fortune is 86 billion dollars. In second place – the head of Berkshire Hathaway Warren Buffett with an income of 75.6 billion dollars.
As of Monday, according to the Bloomberg Billionaires Index (BBI), Jeff Bezos ranks second in the list of the richest people in the world. His condition is estimated at 83.1 billion dollars.
Amazon is one of the largest online stores in the world. In addition to the US, the company operates in Canada, China, Brazil, Japan and European countries. The online store was launched in July 1995.

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