Seattle Daily Star

  Amazon founder’s net worth tumbles to $150.1bn as the e-commerce company’s shares struggle Amazon founder Jeff Bezos slipped to third place in the Forbes’ Real-Time Billionaires List with his net worth dropping to $150.1 billion driven by a rout in Amazon shares. The billionaire saw $20.5bn of his wealth melt away after the e-commerce company’s results left investors disappointed. This placed Bernard Arnault, chairman of French luxury group LVMH, in second place with a personal fortune of $157.7bn, according to Forbes . In contrast to the Forbes’ list, the Bloomberg Billionaires Index named Mr Bezos the world’s second richest person with a net worth of $148bn. At his peak this year, the Amazon founder enjoyed a net worth of more than $210bn. Amazon shares were down 14 per cent on Friday after it reported its first quarterly loss in seven years and the slowest sales growth since 2001 as the largest online retailer struggles to build off the major gains it made early in the ...

 The founder of Tesla and SpaceX is the richest person in the world, with a personal fortune of $259bn Elon Musk, founder and chief executive of electric vehicle maker Tesla and rocket company SpaceX, is the world’s richest person, with a current net worth of $259 billion, according to the Bloomberg Billionaires Index. Mr Musk’s enormous fortune far exceeds that of Amazon founder Jeff Bezos — the world’s second-wealthiest person, with a net worth of $180bn — by $79bn. The 50-year-old was first crowned the world’s richest person in January this year, when his net worth was valued at $273.5bn by Bloomberg, which compared his wealth with John D Rockefeller. “Mr Musk reached the level of riches, inflation-adjusted, achieved by modern history’s wealthiest person,” Bloomberg said at the time. However, a combination of volatile stock markets, the Russia-Ukraine crisis and the Covid-19 pandemic has taken a toll on Mr Musk’s net worth, which has fallen by 4.1 per cent — or $11bn — since the...