--- title: Jeff Bezos Just Lost Over $10 Billion in the Last 24 Hours description: Amazon CEO Jeff Bezos saw his net worth fall in this week's stock market dip. He's still far and away the world's richest person. authors: - name: Jennifer Calfas url: https://money.com/author/jennifer-calfas/ at_money_since: 2017 articles: 339 covers: - Business - Banking - Career Advice - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Personal Finance - Pets - Retirement - Shopping - Taxes - Technology social: - https://x.com/jencalfas former_staff: true published: '2018-10-11T15:39:33.000Z' modified: '2024-05-16T13:25:32.000Z' section: Business tags: - Billionaires - onetime word_count: 393 canonical: https://money.com/jeff-bezos-net-worth-amazon-stock-market/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Amazon CEO And Blue Origin Founder Jeff Bezos Speaks At Air Force Association Air, Space And Cyber Conference](https://img.money.com/2018/10/jeff-bezos-net-worth.jpg) *Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland.* The richest man in the world just lost billions of dollars. Amazon CEO Jeff Bezos saw his net worth fall by more than $10 billion over the last 24 hours due to a global market plunge that hit tech giants particularly hard and sent Amazon shares falling to their lowest point in months. As of Thursday morning, Bezos has $142.3 billion to his name — about $11 billion less than he had at the beginning of Wednesday, according to [estimates from *Forbes*](https://www.forbes.com/profile/jeff-bezos/#3ce22aa41b23). Bezos's enormous net worth, in large part, hinges on his 16% stake in Amazon. The retail giant opened at $1,724 per share Tuesday. Despite a monumental year for the company, Amazon shares have fallen by hundreds of dollars since Oct. 1 when it closed at $2,004 per share. Despite the fall in his net worth, Bezos is still far and away the world's richest person, with Microsoft founder and philanthropist Bill Gates behind him with a net worth of about $96 billion, [according to *Forbes*](https://www.forbes.com/profile/bill-gates/#4f0af60d689f). Just a week ago, Bezos topped [*Forbes'* 400 wealthiest Americans list](https://www.forbes.com/forbes-400/#23cfcee97e2f) for the first time with a net worth of $160 billion. The Amazon founder has had a mammoth of a year, seeing his net worth double and hit an all-time high of $168 billion. In September, Amazon became the second publicly-traded company to be valued at $1 trillion, behind Apple. Ahead of the holiday season, Amazon announced it would raise its minimum wage for employees to $15 per hour starting Nov. 1 — a move that came as the company was under scrutiny for its pay practices and workplace conditions, particularly for its warehouse employees. But the pay policy came with a big caveat: The company would eliminate bonuses and stock awards for its employees as a result of the pay increase. Employees expressed concern over these losses, and Amazon [clarified](https://time.com/5421061/amazon-warehouse-workers-more-pay/) this week it would offer a number of cash bonuses for employees. "The significant increase in hourly cash wages effective Nov. 1 more than compensates for the phase out of incentive pay and future (stock) grants," the company said in a statement. Certainly, Bezos wasn't the only tech billionaire hit hard this week. Microsoft's Gates, Facebook CEO Mark Zuckerberg, Oracle founder Larry Ellison, and Google founder Larry Page all saw their net worths fall by at least $1.6 billion on Tuesday, [according to *Forbes*.](https://www.forbes.com/sites/angelauyeung/2018/10/10/tech-stocks-decline-billionaire-jeff-bezos-fortune-drops-9-billion/#3ff827ae5f6a) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/jeff-bezos-net-worth-amazon-stock-market/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Entrepreneurship", "item": "https://money.com/entrepreneurship/" }, { "@type": "ListItem", "position": 4, "name": "Jeff Bezos Just Lost Over $10 Billion in the Last 24 Hours" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/jeff-bezos-net-worth-amazon-stock-market/#webpage", "url": "https://money.com/jeff-bezos-net-worth-amazon-stock-market/", "name": "Jeff Bezos Just Lost Over $10 Billion in the Last 24 Hours", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-10-11T15:39:33.000Z", "mainEntity": { "@id": "https://money.com/jeff-bezos-net-worth-amazon-stock-market/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/jeff-bezos-net-worth-amazon-stock-market/#breadcrumb" }, "dateModified": "2024-05-16T13:25:32.000Z" }, { "@type": "Article", "headline": "Jeff Bezos Just Lost Over $10 Billion in the Last 24 Hours", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/10/jeff-bezos-net-worth.jpg", "width": 3000, "height": 2000, "caption": "Amazon CEO And Blue Origin Founder Jeff Bezos Speaks At Air Force Association Air, Space And Cyber Conference" } ], "author": [ { "@type": "Person", "name": "Jennifer Calfas", "url": "https://money.com/author/jennifer-calfas/", "@id": "https://money.com/author/jennifer-calfas/#author", "sameAs": [ "https://x.com/jencalfas" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2018-10-11T15:39:33.000Z", "description": "Amazon CEO Jeff Bezos saw his net worth fall in this week's stock market dip. 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