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On Friday, a huge difference of $68 billion i.e. Rs 56 lakh crore was seen in the wealth of the owners of the world's tech companies. Amazon owner Jeff Bezos has suffered the biggest loss. According to a Bloomberg report, the wealth of tech billionaires has seen a huge decline as the earnings results have not met expectations. Let us know how much the wealth of the world's rich people has decreased.
On Friday, a huge difference of $68 billion i.e. Rs 56 lakh crore was seen in the wealth of the owners of the world's tech companies. Amazon owner Jeff Bezos has suffered the biggest loss. According to a Bloomberg report, the wealth of tech billionaires has seen a huge decline due to the earnings results not meeting expectations. Let us know how much the wealth of the world's rich people has decreased.
According to a Bloomberg report, Amazon shares fell 8.8 percent on Friday, August 2, meaning the company's market cap fell by $134 billion. According to the Bloomberg Billionaires Index, billionaire founder Jeff Bezos' net worth fell by $15.2 billion due to weakness in the stock. Which has now come down to $191.5 billion.
These are the world's top tech billionaires
| Order | rich man | Rich Ranking | Total Net Worth | loss in one day |
| 1 | Elon Musk | 1 | $6.57 billion | $235 billion |
| 2 | Jeff Bezos | 3 | $15.2 billion | $1,191 billion |
| 3 | Mark Zuckerberg | 4 | $3.39 billion | $174 billion |
| 4 | Larry Page | 6 | $3.45 billion | $150 billion |
Why did this decline occur?
Let us tell you that this is the third biggest loss for Bezos, which he has suffered in a single day. Earlier, he lost $36 billion after announcing his divorce in April 2019 and then in April 2022 when Amazon's stock fell 14 percent. Bloomberg reported that the Nasdaq 100 index fell 2.4 percent and the fortunes of tech billionaires like Larry Ellison (Oracle) and Elon Musk also fell, who lost $4.4 billion and $6.6 billion respectively. Other big billionaires like Sergey Brin, Larry Page and Mark Zuckerberg also saw their net worth fall by more than $3 billion as their company's shares fell in trading.
the second richest man in the world
Bezos, 60, who is second only to Musk in terms of personal wealth, has sold Amazon shares steadily throughout the year, Bloomberg reported. In February, he sold $8.5 billion worth of Amazon stock in a nine-day period. Last month, it announced plans to sell 25 million shares worth $5 billion in July. In total, Bezos will have sold $13.5 billion worth of Amazon stock in 2024 (including the planned sale), Bloomberg reported. Once the sale is complete, he will still own 912 million shares, or an 8.8 percent stake, in the company.
