Amazon founder and chairman has seen roughly $20 billion wiped off his , as the company's stock heads for its worst day on the markets in eight years. Shares of Amazon were down 12.6 percent at noon on Friday, to $2,527.64, after the company announced its first quarterly loss since 2015, and slowing sales growth for the first time in 21 years.Bezos owns an 11.1 percent stake in the company, and the vast majority of his fortune consists of Amazon stock, meaning the billionaire suffered huge losses on paper as the shares tanked.
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