How world's richest man Jeff Bezos lost $14.1 billion this year
Before the transfer, Jeff Bezos owned 78.6 million shares; now, he has transferred 19.7 million shares to ex-wife after the divorce.
World richest man, Amazon CEO Jeff Bezos has lost $14.1 billion in wealth Year-to-Date (YTD), as per the Bloomberg Billionaires Index. This is the highest when compared to the other billionaires on the index that maintains a daily ranking of the world's richest people. When analysed, not many billionaires on the list have lost this much money. Last year, it was Mark Zuckerberg Facebook CEO, had lost a significant sum from his estimated wealth.
As a company, Amazon is not struggling or is deep into losses. However, Bezos' estimated net worth took a hit as he and his ex-wife had an agreement about Amazon's shares. Recently Bezos had also transferred one-fourth of his shares to his ex-wife Mackenzie Bezos.
As per a report by Forbes, the transfer of shares is said to be the "richest divorce settlement in history." The transfer of shares has reduced the estimated wealth of the world's richest man and also made his ex-wife one of the biggest shareholders in Amazon. The Forbes report also discloses that the shares were transferred on July 29. Before the transfer, Jeff Bezos owned 78.6 million shares, and now he has transferred 19.7 million shares to ex-wife after the divorce. Fascinatingly, as per the Bloomberg Billionaires Index, Mackenzie Bezos is one of the biggest gainers of the year.
Bezos total net worth stood at $111 billion at the time of filing this. At present, Bezos is $4 billion ahead of the former world's richest man and Microsoft co-founder Bill Gates. Gates has added $16.4 billion in his net worth Year-to-Date.