LVMH founder Bernard Arnault is now the second-richest person in the world as Jeff Bezos slipped to the third position on Forbes' real-time billionaires list.
Jeff Bezos' net worth will continue to take a hit the longer Amazon is in its slump.
Here are five of the richest people in the world and how they went from average joes to mulitbillionaires.
Author and philanthropist MacKenzie Scott has a net worth of $45.4 billion.
Jeff Bezos, Blue Origins' CEO, had offered some friendly advice to his chief rival SpaceX CEO Elon Musk on how to help the homeless with a renovated corporate headquarters.
Elon Musk's net worth stands at $282 billion.
Amazon's plan to provide high-speed internet around the world will include 3,236 satellites.
The ex-wife of Jeff Bezos just gave away $436 million.
Blue Origin announced that Pete Davidson is no longer able to take part in the shuttle's 20th voyage, just days after revealing he would be a special guest on the cosmic trip.
Lauren Sánchez is estimated to be worth $30 million today.
Amazon founder Jeff Bezos has in his collection some of the rarest and most expensive cars in the world.
Russian President Vladimir Putin could be worth an estimated $200 billion, according to fund manager Bill Browder.
Amazon founder Jeff Bezos' 417-foot-long Y721 will be the biggest sailing yacht in the world when it launches, according to reports.
Elon Musk's net worth can pay for more than 5.2 million Tesla Model 3 cars.
Tesla CEO Elon Musk is still the richest in the world, with a net worth of $225.1 billion.
MacKenzie Scott donated over $8 billion to more than 780 organizations in less than two years since her divorce from Amazon founder Jeff Bezos.
Jeff Bezos' $500 million, worlds-largest superyacht wants to sail by the summer, but push back from local lawmakers and citizens could get in the way.
Amazon founder Jeff Bezos is behind Tesla CEO Elon Musk and LVMH founder Bernard Arnault in terms of wealth.
The city will briefly modify the historic Koningshaven Bridge by the summer, leaving locals with mixed feelings.
Tech stocks have been hit hard amid speculation about emerging interest rate increases.
Interestingly, his idea is similar to the suggestion previously made by Jeff Bezos.
Elon Musk is still the richest man, with a net worth of $278.9 billion.