Amazon, Apple, Facebook and Google hammer as investors sell their shares and return to safer territory.The founders, CEO and the…
Amazon, Apple, Facebook and Google hammer as investors sell their shares and return to safer territory.
The founders, CEO and the best investors in these companies lose money quickly.
Amazon CEO Jeff Bezos has lost about $ 42 billion since his net worth and peaked at $ 168 billion at the beginning of September, according to the Bloomberg Billionaires Index. Amazon’s stock (AMZN) has fallen more than 25% since then, currently trading around $ 1,500 per share, leaving Bezos with a 126 billion nest egg.
It’s not all bad news for him: Bezos is still the richest person in the world.
00 million to two non-profits aimed at ending homelessness in America. It is part of the party’s commitment to donate $ 2 billion to fund existing non-profit organizations that help homeless families and to create a network of preschools in low-income communities.
Facebook CEO Mark Zuckerberg’s wealth also takes a blow. He has lost about $ 34 billion from his peak at the end of July and is now worth $ 52 billion. He is ranked as the seventh richest person in the world.
Facebook has rocked this year with a cascade series of issues, including a spread of hatred on its platform, Russian political disorders and Cambridge Analytics data protection scandal.
Facebook’s (FB) share has lost 40% of its value since July and is currently trading at around $ 130 per share. The company continues to struggle with executive departures and harmful exhibits.
Like Bezos, Zuckerberg and his wife Priscilla Chan have promised 99% of their wealth to their organization for philanthropic needs. They also recently donated $ 214 million to another non-profit company.
Microsoft founder Bill Gates, who still owns 1% of technology, has lost $ 5 billion from its high in early October. He is still worth about $ 95 billion and ranked as the second richest person in the world, according to Bloomberg.
Google executives Larry Page and Sergey Brin have lost a combined $ 20 billion from their peak in July. Its share (GOOG) has cast 20% of its value since July, and on Monday it closed on a bear market for the first time since 2011.