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By Reade Pickert/Bloomberg
October 30, 2018
CEO and founder of Amazon Jeff Bezos
CEO and founder of Amazon Jeff Bezos
Alex Wong—Getty Images

Jeff Bezos is still the world’s richest person, but he’s a lot closer to No. 2 Bill Gates than just a few months ago.

The Amazon.com Inc. founder lost $19.2 billion over the past two trading days — the most ever in that time, according to the Bloomberg Billionaires Index — amid a global market selloff fueled by fears of further trade tensions. Facebook Inc.’s Mark Zuckerberg held the previous record, set in July, when the social-media giant reported revenue and user growth that missed estimates, lopping $16.5 billion from his fortune.

Technology stocks led Monday’s declines, with the Nasdaq Composite Index sliding to its lowest since April. Shares of Amazon tumbled 6.3 percent, on top of Friday’s 7.8 percent drop, leaving Bezos with $128.1 billion, down from a peak of $167.7 billion early last month.

The $8.2 billion hit he took Monday was the biggest by far on the Bloomberg ranking of the world’s 500 richest people. Mexican telecom tycoon Carlos Slim’s $2.5 billion drop was the day’s second-largest. Gates, the Microsoft Corp. co-founder, lost $558.3 million and is now worth $92.8 billion.

This story originally appeared on Bloomberg.

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Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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