World’s richest lose $134 billion in stock slump, led by Amazon’s Bezos

Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from the fortunes of the 500 richest people in the world.

Shares of Amazon.com Inc. slid 8.8 per cent amid a broader selloff in the market, dropping Bezos’ net worth to $191.5 billion, according to the Bloomberg Billionaires Index. The one-day wipeout is his third-worst, trailing only April 4, 2019, when the Amazon co-founder’s wealth tumbled $36 billion following his divorce settlement, and April 29, 2022, when Amazon shares plunged 14 per cent.