Amazon Founder Jeff Bezos Loses $17 Billion Following Company's Mixed Q2 Earnings
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Jeff Bezos, founder of Amazon, lost $17 billion in net worth after the company's mixed Q2 earnings report, which led to an 8.27% drop in stock price. Despite beating sales and earnings estimates, concerns over slowing growth in the AWS cloud segment contributed to the decline. Bezos holds 884 million shares of Amazon, valued at $190 billion. Analysts criticized the market's reaction, citing capacity issues rather than poor performance. Bezos has sold 95 million shares in 2024 and 2025, netting $18.2 billion.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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