Jeff Bezos' net worth has decreased by $24 billion this year, leaving him with $218 billion and positioned second to Elon Musk, whose wealth fell by $130 billion largely due to a significant drop in Tesla stock. Amazon's performance remains robust; it's the second-largest U.S. company by revenue, trailing Walmart, while dominating the e-commerce sector. AWS proves to be the most lucrative segment of Amazon, despite its limited share of total revenue, showcasing its strength in the cloud market. Bezos, now executive chair, no longer plays a daily role in operations after passing the CEO role to Andy Jassy.
Jeff Bezos has seen a significant drop in his net worth this year, falling by $24 billion, making him second behind Elon Musk in the Bloomberg Billionaires Index.
Amazon's performance remains strong as it ranks second on the Fortune 500 list, despite facing competition from Walmart while dominating in e-commerce.
AWS, Amazon's most valuable division, contributed 66% of operating income, highlighting its dominance in cloud computing despite generating only 17% of total revenue.
Since stepping down as CEO, Bezos has maintained a non-interfering role, focusing on his position as executive chair of the board.
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