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New York Post
Jeff Bezos loses $23B as Wall Street meltdown slams world’s richest people
By Taylor Herzlich,
2024-08-05
The world’s wealthiest people were a little less rich following Monday’s meltdown on Wall Street.
Amazon founder Jeff Bezos — who is second only to Elon Musk on Forbes’ list of billionaires — was the biggest loser as his net worth shrank by $23 billion since the rout began Friday.
In all on Monday, the 10 wealthiest people on the Forbes list lost $36 billion.
Bezos’ fortune fell $6.4 billion after suffering a $17 billion decline Friday, — but still leaving him with a net worth valued at $180.7 billion, according to Forbes.
Google co-founders Sergey Brin and Larry Page each lost around $6 billion as of Monday, according to Forbes.
Larry Ellison, co-founder of software company Oracle, saw his wealth spike $3 billion overnight, before crashing on Monday – losing the new gains, plus another $3 billion, according to Forbes.
The market mayhem followed a meek US jobs report Friday that saw a significant slowdown in hiring last month.
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