Photographer: David Paul Morris/Bloomberg

Bezos Falls to No. 3 as Tech Giants Drop $8.6 Billion

Jeff Bezos slipped in his climb to become the richest person in the world when Amazon.com Inc. fell more than 3 percent Friday, sapping $2.6 billion from his net worth. The online retailer was caught in the downdraft of investor jitters over the technology sector’s valuations, pushing the founder to No. 3 on the Bloomberg Billionaires Index with $83.9 billion. Facebook Inc. co-founder Mark Zuckerberg, and the co-founders of Google parent Alphabet Inc. -- Larry Page and Sergey Brin -- together shed $4.6 billion in the decline. Bill Gates remains at the top of the ranking with Spanish retailing magnate Amancio Ortega at No. 2.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE