The fall in Amazon shares after knowing its results for the first quarter of 2022 caused its founder, Jeff Bezos, to lost $,000 million dollars in a few hours.
The fortune of the second richest man in the world, according to the Bloomberg Billionaires Index, plummeted when the market showed its disappointment
due to the loss in value of the company in the first three months of the year.
The market reacted quickly and this Friday theas shares of Amazon reported a drop of just over 8%, in the first hours of trading on Wall Street, according to a report by Bloomberg.
Amazon released a first-quarter report that disappointed investors, with the first loss for the company since 2015, at the end of the first quarter of 2022.
The net drop was $3,840 million dollars, driven by a decline in online sales, the main business of the company founded by Jeff Bezos.
The report details that Amazon shares fell to $7.56 dollars per unit, compared to the $15.99 dollars that were worth in the first quarter of 2021.
According to data presented by the online sales giant, this sector left it with operating losses of $1, 280 million dollars, only in the North American region, while the figure added another $1,280 million in its international operations.
In addition to the decline in online sales, Amazon had losses of $7,600 million dollars for a investment he made in the emerging electric car company, Rivian Automotive.
The business with Rivian left red numbers in the accounting books of Amazon, because when he made his investment, in 2021, the shares of this company consisted of $180 dollars per unit, while this Thursday they closed at $32.18 Dollars.
After the fall in Amazon shares and the multimillion-dollar loss for its founder, Bloomberg calculated that if the operations The company’s stock prices close with the trend shown, Bezos’s assets will fall to $155,000 millions of dollars.
The wealth of the billionaire reached a total of $210 at its peak. ,000 million dollars, which catapults it moved to the top positions of the richest people in the world.
According to Bloomberg, Bezos was already the fourth billionaire who had lost the most money so far 2022.
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