Amazon Surge Makes Jeff Bezos Richer, Meta Stock Crash Wipes $35 Billion From Mark Zuckerberg's Fortune: What's Going On?

Benzinga_recent_news

2025/11/01

The billionaire wealth race took a dramatic turn this week as Jeff Bezos' fortune climbed to $265 billion, thanks to Amazon.com, Inc.'s (NASDAQ:AMZN) stellar third-quarter results, while Mark ...

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The company also posted earnings per share of $1.95, topping expectations of $1.57.\nThe e-commerce giant projected fourth-quarter sales between $206 billion and $213 billion, reflecting anticipated growth of 10% to 13%, with operating income expected to reach up to $26 billion.\nBezos, who owns about 8.6% of Amazon, is currently the third richest person on the Index.\nSee Also: Mitch McConnell Says Trump Tariffs-Ushered Era Has ‘Similarities' With The 1930s: ‘This Is The Most Dangerous Period Since Before World War Two'\nMeanwhile, Meta CEO Zuckerberg faced a sharp decline in his fortune after Meta shares plunged 13.52% in the last two days, wiping out roughly $35 billion of his wealth.\nThe social media giant reported diluted earnings per share of $1.05, which included a one-time, non-cash income tax charge of $15.93 billion, skewing its headline results.\nOn an adjusted basis, EPS came in at $7.25, beating analyst expectations, while revenue rose 26.25% year-over-year to $51.24 billion.\nDespite strong topline growth, investors reacted negatively to the tax charge and potential cost pressures ahead, leading to the steep drop.\nZuckerberg, who owns about 13% of Meta, now holds an estimated $229 billion fortune, making him the fifth richest person on Earth, according to the Index.\nAccording to Benzinga's Edge Stock Rankings, Meta ranks in the 92nd percentile for stock quality — click here to see how it stacks up against top industry peers.\nRead Next:\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage Via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}