Jeff Bezos was $7.5 billion poorer as Amazon stock fell by nearly 7% in the wake of a less-than-stellar earnings report. (@amazon) Amazon shares had dropped by as much as 21% in after-hours trading on Thursday after the company predicted sluggish sales for the holiday shopping season. The 21% drop in the stock price translates into a loss of $23 billion from Bezos' net worth. But stock price - and subsequently Bezos' wallet rebounded after the opening bell Friday. The 58-year-old Bezos, whose wealth is tied to his ownership stake in Amazon, had a net worth of $126.9 billion as of Friday, according to Forbes' updated list of the richest people in the world. Bezos, once the world's richest person, is now fourth on the list behind Tesla and Twitter boss Elon Musk, French luxury mogul Bernard Arnault and Indian businessman Gautam Adani. . . Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #amazon #jeffbezoz #amazonstock #billionaires #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/CkS6nJIohGT/?igshid=NGJjMDIxMWI=
