Shares of Amazon (AMZN) are down nearly 2%, largely influenced by Walmart's forecast of slowing sales and profits for 2025, causing a broader market drop. This decrease translates to a significant $3.9 billion hit to Jeff Bezos's net worth, who has seen a total decline of about $18 billion since February when AMZN shares peaked. The outlook for both companies is dampened by rising inflation and global trade tensions, which could further impact consumer behavior and retail sales.
Shares of Amazon are down almost 2% amid a broader market drop following Walmart's warning of slowing sales, impacting Jeff Bezos's net worth significantly.
Bezos has experienced an $18 billion decline in his net worth since February, largely due to the falling stock prices as inflation and trade issues loom.
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