Amazon.com Inc. (AMZN) - Get Amazon.com, Inc. Report CEO Jeff Bezos was one of the biggest losers from Wednesday's market selloff as his personal fortune took a major hit thanks to Amazon's decline during the session.
Bezos, the world's richest man by far, lost $9.08 billion on Wednesday after Amazon dropped 6.15% and entered into correction territory with a decline of 14% from its record high of $2,039.51 on Sept. 4.
Don't feel too bad for the billionaire magnate though - his fortune still stands at $145 billion despite the losses. For the year, Bezos' fortune has grown by $46.2 billion, according to Bloomberg's Billionaire Index.
While Bezos got hit the hardest Wednesday, he wasn't the only billionaire to see his fortune dwindle slightly.
Microsoft Inc. (MSFT) - Get Microsoft Corporation (MSFT) Report founder Bill Gates, Berkshire Hathaway Inc. (BRK.A) - Get BRK.A Report Chairman and CEO Warren Buffett, Bernard Arnault, the founder of luxury brands group LVMH, and Amancio Ortega, who founded Spain's Inditex (they round out the top five richest in the world) all saw their holdings fall between nine and 10 figures thanks to a global decline in equities.
Gates' fortune fell by $2.15 billion to $96.3 billion, Buffett's holdings fell by $4.48 billion to $87.5 billion, Arnault's pile dropped by $4.53 billion to $46.9 billion. Ortega was one of the lucky ones. His fortune declined by "only" $438 million to $64.4 billion.
Other notable billionaires to see their fortunes decline include Alibaba Group Holding Ltd. (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report CEO Jack Ma, Oracle Corp. (ORCL) - Get Oracle Corporation Report Chairman Larry Ellison, and Facebook Inc. (FB) - Get Facebook, Inc. Class A Report CEO Mark Zuckerberg. Their fortunes fell $1.25 billion, $1.35 billion, and $2.5 billion, respectively.