Amazon's weaker-than-expected second-quarter results caused founder Jeff Bezos' wealth to plummet.
Bezos' net worth fell by $13.5 billion after Thursday's aftermarket results missed Wall Street expectations and heralded an end to the pandemic-fueled retail tide, wiping out 80% of his fortune gains for the year.
Amazon shares fell 7.2% to $3,339.18, cutting the company's former CEO's fortune to $193.6 billion.
Amazon is facing a record fine of €746 million after the EU's data privacy regulator said the e-commerce giant had violated the block's privacy law, known as the General Data Protection Regulation (GDPR), in an ad-related move.
The fine was imposed on July 16 and was disclosed on Friday in a financial file. It's the largest in the law's three-year histor.
Bezos remains the world's richest person, according to the Bloomberg Billionaires Index, with an $8 billion advantage over Tesla's Elon Musk.
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