Amazon CEO's net worth dives in 2014

Jeff Bezos has lost $6.3 billion so far this year as shares of his company have declined.

By MSN Money Partner Apr 22, 2014 12:23PM
File photo of Jeff Bezos on Nov. 16, 2012 (© Peter Kramer/NBC/NBC NewsWire via Getty Images)By Nick Summers, Businessweek

Jeff Bezos is one bad day -- or even just a middling one -- from an abysmal distinction. 


He'll have lost more money than anyone else on earth in 2014 if his net worth declines by just $200 million, relative to Mexican investor Carlos Slim, according to the Bloomberg Billionaires Index.


The Amazon (AMZN) founder has lost $6.3 billion so far this year, second only to Slim's $6.5 billion decline. Bezos (pictured) has most of his wealth tied up in company stock, which has declined 17.3 percent since Jan. 1, bringing his net worth to $29.7 billion. 


On a percentage basis, Slim has lost about half as much as Bezos, 8.8 percent, to cut his worth to $67.3 billion, the second-largest pile in the world.

Amazon shares fell 11 percent on Jan. 31 after the company reported earnings that didn't meet Wall Street analysts' expectations. The stock now trades at 581 times earnings, the second most expensive ratio in the Standard & Poor's 500 Index ($INX).


Others with multibillion-dollar losses this year include Ikea founder Ingvar Kamprad, down $5.4 billion; Spanish retailer Amancio Ortega Gaona, down $4.2 billion; and Fast Retailing chairman Tadashi Yanai, down $4.1 billion.


Forty individuals have lost more than $1 billion this year, according to Bloomberg data. At the same time, 34 people have gained more than $1 billion, including Jack Ma, whose worth has climbed $7.8 billion in anticipation of an initial public offering for the Chinese e-commerce giant he founded, Alibaba Group.


Bezos' net worth hasn't declined for a few days -- Amazon shares have gained in the last five trading sessions -- but he will still take the "losingest" dunce cap from Slim if the Mexican billionaire can pare his losses at a slightly faster clip.


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Tags: AMZN
14Comments
Apr 22, 2014 6:17PM
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The funny thing is that I lost about a hundred a month because of Obamacare.  Yet, that lousy little hundred a month affects me far more than a loss of 6.5 billion affects Bezos.
Apr 22, 2014 7:13PM
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It sucks when you have enough money to live life 360,000 times over and it drops to where you can only live 300,000 lives.  Too bad you only get one life.  Feel kind of sad for all the people starving who don't have enough to pay for their one life because people like this are hording so much wealth.  Greed such as this must be a sickness. 
Apr 24, 2014 3:05PM
Apr 23, 2014 9:26AM
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what kind of story is this?  feel sorry for someone with billions? the aca forcing someone who makes $30k/year to pay over 30% of salary for healthcare..that is a story...
Apr 22, 2014 9:47PM
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You win some and you lose some.............
Apr 22, 2014 9:36PM
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Look deep into that Eye, and you will peer into a Madman's asylum....
Apr 23, 2014 12:10AM
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WOW. He is down to ONLY $29.7 billion. I'm going to purchase something on Amazon right now....
Apr 22, 2014 5:19PM
Apr 22, 2014 4:52PM
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finally people are starting to see him for what he's really worth hopefully scAmazon goes out of business soon he's nothing but a crook and a thief
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