Jeff Bezos' net worth drops by $16B

Amazon founder and CEO Jeff Bezos is one of the richest men in the world, and his net worth is based largely on the price of Amazon stock.

Mr. Bezos' net worth was nearly $130 billion March 26. However, his net worth dropped to $114 billion one week later after Amazon's stock price sunk by about 10 percent, according to Money Magazine.

A series of tweets from President Donald Trump criticizing Amazon appear to be a factor in Amazon's stock price dropping. The president attacked Amazon and Mr. Bezos on Twitter for taking advantage of the U.S. Postal Service and paying too little in taxes, according to the report.

More articles on business:

Zuckerberg fires back at Apple CEO Tim Cook's criticism: It was 'extremely glib'
China increases tariffs 25 percent on select US imports: 3 things to know
Tesla confirms autopilot was engaged during fatal Model X crash

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars