Jeff Bezos Lost $20 Billion This Week

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Jeff Bezos lost $20 billion this week as markets took their sharpest dive since the start of the pandemic

. The drop came as the Federal Reserve adjusted interest rates. Bloomberg reports that tech billionaires bore the brunt as cryptocurrency prices, online gaming, and e-commerce took a hit.

Mark Zuckerberg lost over $10 billion, Changpeng Zhao of Binance lost nearly $18 billion, and Elon Musk lost nearly 10 percent of his net worth. The financial tumble leaves Bezos vulnerable to losing his spot as the second-richest person in the world to French fashion magnate Bernard Arnault, who was one of few tycoons to escape the week financially unscathed.

 

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Oh please poor guy 💩🙄

Eh, he'll get it all back next week!

Jeff Bezos had $20 billion to lose.

That’s like if a average person lost 20 cents

Well this news doesn’t upset me.. 😂

and he'll still get to the moon again by summer. Any other news?

No context equals wasted tweet

Peanuts!

Before you cry for him, that’s not even 12% of his net worth. It’s the equivalent of someone with $500 on their bank account losing $59, except it means more to that person.

This is like 50 cents to him

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