Bill Gates co-founder of Microsoft Corp. and Warren Buffett, a famed investor are both wealthier than Amazon.com founder and CEO Jeff Bezos. The Bloomberg Billionaires Index estimates his wealth at $127 billion as of April 2023.
Bezos is the founder, ex-CEO, and current executive chair of Amazon, a multinational online retailer. In 2022, the corporation controlled 45.1% of all U.S. online retail revenue and 6.5% of total retail revenue in the United States. Amazon Web Services (AWS) is expected to surge forward as digitization and the cloud computing revolution alter people’s habits. Scroll down to know all details relating to the downfall of Jeff Bezos’s net worth.
How Much Net Worth does Jeff Bezos Loss?
The former president and CEO of Amazon, Jeff Bezos, saw the worst decline in his net worth of any billionaire in 2022.
Even though he is still the third richest person in 2023, Bezos had a $57 billion drop in his net worth in 2022 due to a 38% drop in Amazon stock. Forbes estimates that Bezos’ net wealth in 2023 will be $114 billion, down from the $22 billion he was worth before the crash.
Two-thirds of the world’s 25 wealthiest individuals lost money last year, bringing their combined fortune down by $200 billion. The combined wealth of the world’s richest persons falls to $2.1 trillion in 2023, from $2.3 trillion in 2022.
Bezos’s fortune has shrunk in recent weeks, coinciding with Amazon’s announcement that it will lay off 9,000 workers. The business revealed in January that it will be firing 18,000 people.
Elon Musk, CEO of Tesla and Twitter, lost $39 billion in wealth between 2022 and 2023, making him the second-worst billionaire loser. His net worth in 2023 was $180 billion. After spending $44 billion on buying the social media site last year, Musk has seen a decline in his wealth.
Two of the world’s 25 wealthiest persons from the previous year are not in the top 25 this year. The creator of TikTok’s parent business, ByteDance, Zhang Yiming, moved up one spot to number 26, while Binance’s founder, Changpeng Zhao, fell from number 19 to number 167.
When 2023 rolls around, Bernard Arnault, CEO of LVMH, will have surpassed Musk as the world’s richest person. His wealth will increase by another $53 billion in 2022, bringing his total to $211 billion this year.
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How Much Property Does Jeff Bezos Have?
Jeff Bezos has invested in conventional assets like real estate. Blue Origin, his aerospace company, uses the 165,000-acre Corn Ranch in Texas as its home base and as a test location for its manned, suborbital, vertical-landing rocket, New Shepard.
He owns mansions in both Beverly Hills and Manhattan, worth tens of millions of dollars each. Space at Century Tower reportedly goes for $2,000 to $3,000 per square foot thanks to Bezos’s arrival in New York. He also owns a waterfront property in Washington, where he paid $28 million to build out over 30,000 square feet of living space.
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