Amazon becomes first company ever to lose $1 trillion

Bloomberg's Billionaire Index reports that Bezos is now the fourth richest. In October 2017, the Amazon founder had overtaken Bill Gates as the richest person on the planet, but Elon Musk has since stormed to the front. You can put the tiny violins away though. Bezos' still has a net worth of $109 billion. Meanwhile, Microsoft experienced market value losses of around $900 billion. This year, the top five most valuable U.S. tech companies have reportedly lost a combined $4 trillion in value. To put that in perspective, that’s more than the combined GDPs of Turkey, Argentina, and Switzerland.