The latest Forbes rich list has been released, and it has some interesting insights regarding the net worth of some of the wealthiest people in the world.
According to Forbes, Bezos is the third wealthiest individual in the world, with a net worth of $114 billion, despite suffering a staggering $57 billion cut from his net worth over the last year or so. Of course, this is primarily because Amazon's stock dropped by 50%, making it the first publicly traded business to see its market value decline by $1 trillion.which on Tuesday revealed its annual ranking of the wealthiest billionaires in the world.
Since Bezos’ stock has not been sold, this “loss” is only on paper. We doubt he’s had any sleepless nights over it.thus far as well. CEO Andy Jassy, who succeeded Bezos when he stepped down in July 2021, would announce the largest job cuts in the company's history in January. Jassy predicted in March that Amazon would further reduce employment by 9,000 people as it appeared to be a "leaner" business.
This news comes in light of a larger general trend regarding tech firms who have all had a challenging year, and falling stock prices have seriously hurt
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