Jeff Bezos

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.

Amazon claims that all electricity it consumed in 2023 was “matched” with 100% renewable energy. Experts criticise the report’s vagueness.

Amazon is a $2 trillion company for first time ever

Move over Bernard Arnault. There’s a new wealthiest person on the planet.

It’ll be the first manned flight for Bezos’ company since a 2022 malfunction grounded Blue Origin’s New Shepard rockets.

After jostling for the position of second-wealthiest person in the world more than a dozen times in March, Musk and Bezos are competing closely once again.

Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.

Musk’s net worth is down almost $60 billion in 2024 alone, according to Forbes’ estimates, as Tesla stock tanked and a judge swatted down Musk’s record compensation package.

Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin are among 14 companies bidding for NASA contracts as part of the agency’s plans to develop the emerging space economy and lower costs.