Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector.

The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion.&nbsp;

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Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index.

Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion, as reported by the Bloomberg Billionaires Index. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022.

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At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high.

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index.

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector. The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion. Also read | US sues TikTok over privacy violations involving children under 13 Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index. Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion, as reported by the Bloomberg Billionaires Index. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022. Also read | Sunderland riots: Police station torched, mosque surrounded by far-right mob - VIDEO At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high.

Amazon loses $134 billion in stock slump, Jeff Bezos sees $15.2 billion drop in net worth

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