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International

The world’s richest man lost $7 billion in a day

17:40, Friday, 25 October, 2019
The world’s richest man lost $7 billion in a day

Amazon founder and CEO Jeff Bezos lost nearly $ 7 billion due to a drop in the company's quotes after it reported to investors about the results in the third quarter. It's reported by the American television channel.
     The company presented the report on the eve of October 24. It noted that in the third quarter of this year, Amazon's operating income fell to $ 3.2 billion compared with the same period in 2018, when this figure was $ 3.7 billion. In addition, this quarter, the company's net profit fell to $ 2,1 billion against $ 2.9 billion for the same reporting period in 2018.
     After the presentation of the report, the value of the company's securities fell by 9%, which is why, according to the channel’s estimates, Bezos lost $ 6.9 billion.

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