Holding the title as one of the absolute richest people in history also brings with it the risk that, periodically, you will be among the biggest wealth-losers known to man:
Jeff Bezos saw $13 billion of his fortune melt away after Amazon.com Inc.'s results left investors disappointed.
Shares of the e-commerce company slumped more than 8% in early New York trading on Friday as it reported a quarterly loss and the slowest sales growth since 2001. If the loss persists, Bezos's net worth will drop to around $155 billion, according to the Bloomberg Billionaires Index. At his peak last year, he was worth more than $210 billion.
Yeesh... I mean, losing that kind of money... it's gotta hurt. It's gotta sting.
It's not like Bezos is going to be missing any meals, of course. But I suppose you're still pretty territorial of your wealth even if you've got what is effectively a limitless supply of cash at your disposal.
What's interesting is that Amazon's woes—and thus Bezos's—may be driven in part by the meteoric success the company enjoyed over the course of the pandemic:
Amazon is contending with higher labor costs following a hiring binge during the pandemic and a surge in inflation that may hold back sales.
Not gonna say anything more than this:
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