Despite this significant loss, Bezos's net worth is still up by $43 billion this year, totaling $150 billion, largely due to the increase in Amazon's stock price. This growth is part of a broader trend of tech billionaires seeing their fortunes increase due to the rising demand for AI-related stocks.
Key takeaways:
- Jeff Bezos' personal fortune dropped by $5 billion in a single day due to the Federal Trade Commission filing a lawsuit against Amazon over alleged anti-competitive business practices.
- The lawsuit resulted in Amazon's market cap decreasing by $55 billion, more than the entire value of Ford.
- Despite the significant drop, Bezos's net worth is still up $43 billion this year at $150 billion due to Amazon's stock price rally.
- Bezos is part of a group of tech billionaires who have seen their fortunes increase significantly due to the boom in demand for AI-related stocks.