Jeff Bezos may be world’s richest man, worth an astonishing $180 billion, but that didn’t stop him losing $8 billion in just two days last week.
$8 billion is a ridiculous amount, as Forbes report, it’s the combined worth of the NFL’s New England Patriots ($4.1 billion) and the New York Giants ($3.9 billion).
However for Bezos, that’s nothing. And he’s definitely not worried.
Jeff Bezos alone is worth more than the entire global value of the McDonald's franchise.— Has Jeff Bezos Decided To End World Hunger? (@HasBezosDecided) July 20, 2020
Jeff Bezos Net Worth: $176bn
McDonald's Market Capitalization: $142bn
Why? Because since the coronavirus outbreak, Amazon’s worth shot up by almost 69% due to people opting to shop more from the safety of their own home.
The dramatic loss of Bezos’ funds is likely down to portfolio rebalancing or momentum stocks retreating a bit – however investors aren’t concerned in the slightest.
Twitter has since blown up following the headlines – with some people finding it hilarious that Bezos has lost a lot of money.
Jeff Bezos lost $8 BILLION of his net worth within two days, to put that into perspective thats 4.4% of his worth 🙃😳— Ellis (@_EllisQ) July 20, 2020
One person wrote:
Doesn’t that just make you sick? That someone has 8 billion dollars that they can just LOSE and it not matter to them AT ALL.
Shoutout to Jeff Bezos for loosing 8 billion in two days!!! Pure delighted for ya hun.
Good. I work in security at Amazon at high risk of contracting COVID and he refuses to give us anymore than living wage. Also paid pickers etc big bonus but excluded us and CLEANERS !!. Disgusting.— Ste (@ImStevieG) July 19, 2020
It certainly does make you question the state of the world, when an $8 billion loss equates to pretty much nothing…