BEZOS FALLS TO NO. 3 AS TECH GIANTS DROP $8.6 BILLION

Jeff Bezos slipped in his climb to become the richest person in the world when Amazon.com Inc. fell more than 3 percent, sapping $2.6 billion from his net worth. The online retailer was caught in the downdraft of investor jitters over the technology sector’s valuations, pushing the founder to No. 3 on the source Billionaires Index with $83.9 billion. Facebook Inc. co-founder Mark Zuckerberg, and the co-founders of Google parent Alphabet Inc. Larry Page and Sergey Brin together shed $4.6 billion in the decline. Bill Gates remains at the top of the ranking with Spanish retailing magnate Amancio Ortega at No. 2.

Source: www.bloomberg.com

Categories: Technology

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