Jeff Bezos Loses $2.74 billion In One Day, As Guatam Adani Becomes World’s Second Richest

Amazon founder, Jeff Bezos, has lost his second spot on the world’s richest list to the owner of Adani Enterprises, Guatam Adani, despite both billionaires losing over $2 billion on Friday.

Bezos had lost a whopping $2.74 billion after Amazon share price fell by -2.18% to $123.53, as sell off among investors holding the company’s stocks dragged the value down from Thursday’s $126.28. 

The loss reduced Bezos’ wealth to $147 billion, from $149.74 billion. This means his networth depreciated by -1.82% at the end of trading on the New York Stock Exchange on Friday. 

The depreciation resulted to the former Amazon Chief Executive Officer falling to the third position on Bloomberg Billionaire Index. 

Although the estimated wealth of Bezos is tied with that of Adani, which is $147 billion. Adani took over the second position despite losing $2.12 billion during trading as well. 

Checks by Prime Business Africa gathered that the loss was caused by sell off in Adani Enterprises, which dipped -1.17% from 3,748.70 India Rupee to 3,705 India Rupee. 

The $2.12 billion Adani lost saw his fortune dwindle from $149.12 billion. With his networth now valued at $147 billion, the Indian Billionaire is $229 billion behind the world’s richest man, Elon Musk, who is estimated to worth $376 million.