Tech companies have had a tough year, and the dramatic drop in stock values has caused the fortunes of the founders of these companies to drop significantly. Forbes magazine has published the annual list of the richest people in the world with an interesting point: among billionaires, wealth Jeff Bezosthe founder of Amazon, dropped more than anyone else.
In the last 12 months, Bezos’ wealth has decreased by 57 billion dollars and reached 114 billion dollars. With this amount of assets, Bezos is the third richest person in the world. The value of Amazon shares experienced a 50% drop in 2022. Amazon is the first public company to lose $1 trillion in market value.
Elon MuskCEO of Tesla and Twitter, with a fortune of 180 billion dollars and Bernard ArnoCEO of LVMH, with a fortune of 211 billion dollars, ranked second and first respectively on the Forbes list.
written by Business InsiderThis year’s Forbes list includes 313 billionaires in the tech industry, whose total assets reach $1.9 trillion. Last year, the assets of 332 billionaires in the tech industry were worth $2.1 trillion. In 2021, when the technology industry was having its heyday, the 365 billionaires in the field had a combined fortune of $2.5 trillion.
In 2023, Amazon has gone through difficult times. Andy Jesse who replaced Jeff Bezos in 2021 and is now the CEO of Amazon, laid off 18,000 people from the company. Last month, Jesse said Amazon would lay off another 9,000 people.