Jeff Bezos loses N1tn, as Indian billionaire, Gautam Adani overtakes him

Jeff Bezos, the Amazon billionaire, dropped to third place on the list of the richest people after his wealth declined as a result of investors’ declining interest in the e-commerce company on the exchange floor, passing Indian billionaire Gautam Adani.

At the close of trading on the New York Stock Exchange, Amazon’s share price had decreased by -1.77% as a result of a sell-off by investors in the American internet business.
Holders of the equities were prepared to sell one Amazon share for as little as $126.28 on Thursday due to concerns that the stock will decline from the $128.55 it ended on Wednesday.

It followed the 5% hike in the value of Adani Enterprises’ stock, which closed at 3,750.60 Indian Rupee, from 3,572.10 Indian Rupee.