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Bezos Falls To 3rd Spot Among World’s Richest / by Tyler Durden / Aug 11, 2017 11:04 AM

How fast the fortunes of the world’s richest shift: just two weeks ago, when AMZN hit its all time high on July 27, its CEO Jeff Bezos briefly surpassed Bill Gates as the world’s richest man for the first time ever, despite growing rumors and rumblings of regulatory pushback against Amazon which is rapidly emerging as the biggest monopoly threat to established legacy industries.

Fast forward two weeks and Bezos is no longer the world’s richest man, he isn’t even the world’s second richest man because after yesterday’s market slump and Nasdaq plunge that drained $42.7 billion from the net worth of the world’s 500 richest people, the drop in Amazon stock…


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