Bezos Falls To 3rd Spot Among World's Richest

Tyler Durden's picture

How fast the fortunes of the world's richest shift: just two weeks ago, when AMZN hit its all time high on July 27, its CEO Jeff Bezos briefly surpassed Bill Gates as the world's richest man for the first time ever, despite growing rumors and rumblings of regulatory pushback against Amazon which is rapidly emerging as the biggest monopoly threat to established legacy industries.

Fast forward two weeks and Bezos is no longer the world's richest man, he isn't even the world's second richest man because after yesterday's market slump and Nasdaq plunge that drained $42.7 billion from the net worth of the world’s 500 richest people, the drop in Amazon stock...

.... was enough to push Bezos from his spot as the world’s second-richest person according to Bloomberg calculations. The worst market rout since May, lopped $2 billion from Bezos’s fortune, according to the Bloomberg Billionaires Index, after AMZN dropped 2.6% to under $957, more than $100 lower than its July 27 all time high of just over $1.080.

As a result, Bezos is now worth "only" $82.2 billion about $600 million behind Spanish retail magnate Amancio Ortega, founder of the Zara clothing chain.

The losses, which came following the escalating jawboning and war of words between President Trump North Korea, spanned multiple regions and industries, but tech billionaires were hit the hardest, accounting for seven of the 10 biggest declines. NetEase Chairman Lei Ding incurred the second-largest loss, dropping $1.8 billion to $16.8 billion, followed by Facebook's Mark Zuckerberg, whose net worth slid $1.6 billion to $71.2 billion, rounding off the list of the Top 5 richest people in the world.

Meanwhile, the top spot once again belongs to Bill Gates, who briefly ceded the No. 1 spot to Bezos on an intraday basis two weeks ago; Gates lost $848.5 million on Thursday which however was not nearly enough to dethrone him from the rank of world's richest, with a net worth of $90 billion.

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Collectivism Killz's picture

Oh lowdy, quick, everyone send that man a little money. Be good goyim

eclectic syncretist's picture

Riiigghht. Let them both try to liquidate those cyberspace numbers and see who has what then.

Dsyno's picture

He's getting his welfare application ready.

Creepy_Azz_Crackaah's picture

He can get an ObamaPhone now.

J S Bach's picture

Ha! It always cracks me up how they never include the holders of Federal Reserve private stock among the richest. Bezos is a pauper compared to them. But, they must remain hidden for their usurious fount to continue its dubious flow.

Cynicles II's picture

I'll just keep an eye out here, on BezosHedge...they love reporting useless tripe as "news".

aloha_snakbar's picture

DAMN...I needed a feel good story this morning...

Collectivism Killz's picture

A feel good story would be Bezos sucombing to septic shock after getting his junk caught "balls deep" in his zipper. This just means he needs to sell a few more of Hillary's books on Amazon to overtake super globalist goy Bill Gates.

CheapBastard's picture

Well, at least he was not able to prevent the conservative Milo's best seller off his site since it's selling like hot cakes evidently. it also gets a much higher rating then Hitlery's books and also Soweeto bin Bama's book, "Audacity to Destroy America":

 

https://www.amazon.com/Dangerous-Milo-Yiannopoulos/dp/069289344X/ref=sr_...

Collectivism Killz's picture

Milo, isn't he the same "conservative" who brags about sucking black cock and drapes himself of the Israeli Flag?

Mena Arkansas's picture

All that money and his hair still won't grow back.

Mr Pink's picture

Absolute proof that their is no cure for hair loss

Albertarocks's picture

Me neither.  And while I'm here... has anybody seen my pants?

actionjacksonbrownie's picture

Nope, but you can buy a new pair on Amazon.

Doom and Dust's picture

Richest men? Sure. Well ignoring the fact that the world has quite a few trillionaire families already.

Cynicles II's picture

There is no escape from the Rothschild cabal of evil.

chrsn's picture

And I thought I had problems

Ajax-1's picture

Wow, 3rd richest man in the world and yet his company has never made a profit.

ky8's picture

Ya, i always wondered how this guy could make so much money being a middle man, it's not like he's manufacturing all the crap he sells.

Stormtrooper's picture

Is that a homeless tent camp that Bezos is walking thru?  My check for $5 is on the way to him so that he can at least afford a bottle of Mad Dog 20-20 for sustenance.

williambanzai7's picture

I love the smell of napalmedmazon in the morning.

Krungle's picture

Can we stop with the fiction that the likes of Bezos, Gates, et al. are the world's richest? The mere fact that his "wealth" fluctuates by /-$10 billion in the span of two weeks should suggest that we are talking about imaginary wealth. What are his actual assets--warehouses, distribution chains, real estate holding, physical gold, etc. worth? That is his wealth, and based on real assets he is nowhere near the top. 

blueskyranch's picture

Yep, I checked my wealth this morning. PMs, guns, ammo, cash all still where I locked them. My wealth didn't change when the casino market dropped yesterday. Sorry Bezos.

Inthemix96's picture

Has fox news bought ZH and told no one?

You didnt include Elizabeth Saxe-Coburg-Gotha on your list, and that fucker OWNS the 'Common-Wealth'.  All of it.  And the fishing rights as far off the coasts, of said 'Coomon-Wealth' as you cant go.  High speed rail link anyone? HS2 as us mugs over here know it?  Anyone?  Your 'House', 'You' own in the way?  'Compulsory Purchase Order', at 1991 prices for 'Your' 'House', and fucking nowt you can do about it.  She owns the very land you walk on bitchez.

Try, go on I ask you, try and get 'Allodial' title to your property 'Free And Clear'.  You cant.

Go-Ogle how many of your 'Presidents' are related to the lizard cunt.

And she is small beef.

These fuckers need a 'Talking' to.  Then hanged, by the neck, till, dead.

Treason my friends.  The language we share, means fucking nothing, every word of it can mean what 'They', want it to.  It depends on what the definition of 'Is' is, eh?

Oh, ZH, you never mentioned the cunting 'Red-Shields' either.  

;-)

oncemore's picture

Illusion

You skipped Rotschild

Rotschilds control 500 Trillion of equities.

It is 10000 times more, then Bill Gates.

Jolt's picture

How many shits will you give for this "news"?

Let's have a race to see who becomes the first billionaire-reduced-to-thousandaire after we claw back all the world's wealth these pricks pilfered from us.

These guys are all a functioning part of the Deep State, and don't think any of them got to own earth via fair/legal/ethical means.

 

GoldHermit's picture

Oh no!!!!!! i'm going to sit around and cry all weekend

BigCumulusClouds's picture

I wonder where he'd be on the list if the Royals, the Rockefellers, and the Rothchilds were included on the list.

any_mouse's picture

You may have heard the expression "millionaires are chew toys for billionaires".

Well, these guys are appetizers for the trillionaire spirit cooking dinners.

any_mouse's picture

Wait. The net worth for these beelionaires is in the stock of their unicorn companies that are held aloft by the deep state?

Try and cash out and see what your net worth is then, Bozos.

orez65's picture

Who gives a fucking shit about Bozo's billionaire ranking ??? !!!

Davidduke2000's picture

Paper rich is not rish at all.