Forbes 2022: Bezos' Net Worth Tumbles, Marks Most Significant Reduction on World's Richest List

Jeff Bezos' net worth decreased by $57 billion from last March, largely due to Amazon's stock price dropping 38% in 12 months.

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Bezos is now ranked No. 3 on Forbes' annual ranking of the world's wealthiest people with a net worth of $126 billion.

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Amazon announced job cuts in March, impacting about 9,000 workers, on top of previously announced layoffs that began in November 2022.

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Elon Musk lost his title of world's richest person and is now in second place with a net worth of $191 billion, down $39 billion year-over-year.

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Bernard Arnault, CEO of luxury goods company LVMH, has taken the top spot with a net worth of $228 billion.

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