Amazon CEO Jeff Bezos. Source: Supplied
JEFF Bezos had more fun this year being Amazon's CEO than he did being Amazon's biggest shareholder.
The Seattle-based billionaire saw his personal wealth tumble in 2014 by $9.85 billion, or 23 per cent, to $34.5 billion — a painful markdown that works out to losing more than $27 million a day.
That ranks Bezos as the third biggest loser of 2014 among the 400 richest people in the world, according to a ranking of billionaires by Bloomberg, The New York Post reports.
Only right-wing casino tycoon Sheldon Adelson and Ikea founder Ingvar Kemprad, who lost $11 billion and $10.3 billion, respectively, lost larger piles of their wealth, according to Bloomberg.
The lost loot also leaves Bezos, ranked No. 23 as of Friday, trailing two places behind his fast-ascending rival — Jack Ma.
The Alibaba founder vaulted into the No. 21 spot with a net worth of $35.3 billion as he reaped more than $30 billion with the China-based internet retailer's September debut on the New York Stock Exchange.
Founder and CEO of Amazon.com, Jeff Bezos. Photo by Mireya Acierto/Getty Images Source: Getty Images
Bezos's 84-million-share stake in Amazon, equal to 18 per cent of the company, has tanked more than 22 per cent this year as Wall Street has grown increasingly impatient with his free-spending habits as CEO of the company.
This year, Bezos has ordered lavish investments on everything from the acquisition of video-gaming site Twitch to new warehouses to drone research.
The result: surprisingly wide losses that have spooked Wall Street, even as the company's sales have continued to swell.
On Friday, Amazon said it added 10 million members during the quarter to its Prime free-shipping service — an operation that is seen by analysts as costly to maintain.
By contrast, Facebook founder and CEO Mark Zuckerberg has watched his personal fortune surge by $13.5 billion this year to $44 billion, landing him the No. 13 spot overall.
The social-networking site's shares have surged despite Zuckerberg's own controversial February acquisition of text-messaging service WhatsApp for $22 billion.
Elsewhere this year, Microsoft founder Bill Gates has reclaimed the spot as the world's richest man as his fortune surged to $107.5 billion, up $11 billion from a year ago.
Gates edged out No. 2 Warren Buffett, whose wealth soared to $91 billion as he added $16.2 billion to his coffers. Mexican billionaire Carlos Slim fell into third place as his fortune shrank slightly to $89 billion.
Amazon share rose 2 per cent on Friday, to $USD390.09.
This article originally appeared on The New York Post
Anda sedang membaca artikel tentang
How to lose $9 billion in a year
Dengan url
http://kelapapantai.blogspot.com/2014/12/how-to-lose-9-billion-in-year.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
How to lose $9 billion in a year
namun jangan lupa untuk meletakkan link
How to lose $9 billion in a year
sebagai sumbernya
0 komentar:
Posting Komentar