Jeff Bezos Was the Richest Person in the World for a Few Hours. Then He Lost $6 Billion Overnight

Jul 28, 2017

At least Amazon CEO Jeff Bezos can say he was once the richest person in the world.

On Thursday, after earnings expectations skyrocketed Amazon stock, Bezos dethroned longtime richest-guy-ever Bill Gates with an estimated wealth of $92 billion. But, alas, it appears it wasn't meant to last.

By Thursday afternoon, Amazon's reported earnings fell short of expectations, and the retail giant's stock went tumbling as a result.

Because Bezos owns 16% of Amazon shares, his wealth took a dip right along with it. CNBC estimates his net worth dropped by $6 billion between Thursday's peak and early Friday.

That's not to say Bezos isn't still exceedingly wealthy.

The CEO is still the second-richest man in the world, and his wealth grew by $25 billion over the past year alone, according to the network.

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