Jeff Bezos Is No Longer The Richest Man In The World When Amazon Shares Fall 7 Percent

Amazon shares fell 7 percent on Thursday, causing the fortune of Jeff Bezos, founder and CEO of the company, to be reduced to $ 103.9 billion.

Through a report, Amazon reported that the income and earnings corresponding to the third quarter of the year are below expectations raised in the previous quarter. This disappointed many investors and resulted in the fall in the cost of the shares.

Amazon presented a profit per share (BPA) of $ 4.23 per share in the third quarter of the year. A low figure compared to the BPA of $ 5.75 presented last year for the same period.


The report also says that the company expects net sales to grow between 11 and 20 percent for the fourth quarter.

Bezos became the richest man in the world in 2018 with a net worth of 160,000 million dollars, beating Microsoft's chief executive, Bill Gates, who could now snatch the title with a net worth of 105.7 billion dollars.