Recent Stock Market Decline

In a remarkable downturn, billionaire Jeff Bezos has seen his wealth shrink dramatically due to a significant drop in the stock market linked to recent tariff news. Reports indicate that the Amazon founder lost approximately $23.49 billion over just two days.

This trend is not unique to Bezos; Tesla CEO Elon Musk and Meta founder Mark Zuckerberg also experienced staggering declines in their net worths. According to CNBC, Elon Musk’s fortune decreased by $30.9 billion, while Zuckerberg lost $27.34 billion, positioning them alongside Bezos as the world’s three richest individuals.

Widespread Impact on Billionaires

As reported by Bloomberg, the wealth of these billionaires hinted at a potential collective loss nearing $500 billion in a mere two days in April 2025. Such figures underline the volatility of financial markets and their substantial effects on the ultra-wealthy.

Despite these losses, Jeff Bezos remains firmly established as the second richest person globally, with a current net worth of $193 billion, according to Bloomberg.

Income Insights

Yahoo Finance highlights that Bezos earns approximately $7.9 million every hour. To put this into perspective, it is stated that he can make what an average U.S. worker earns over an entire career in just 13 minutes. Much of Bezos’s wealth is tied to the fluctuating value of Amazon’s stock, alongside various investments and a significant real estate portfolio.

Market Conditions

On April 4, reports from the BBC noted that the three major U.S. stock indexes saw declines exceeding 5%, with the S&P 500 decreasing by almost 6%. This marked the worst week for the American stock market since 2020, highlighting the impact of ongoing tariff wars.

Interestingly, not all billionaires faced losses during this downturn. For instance, Dan Gilbert, owner of the Cleveland Cavaliers, reportedly gained $1.91 billion on the same day the market was plunging.