The Time Jeff Bezos Lost 90% Of His Money

Today, Jeff Bezos is the second richest person in the world after making billions from the growth of Amazon stock over the past 2 decades. He often receives a lot of criticism for not giving much to charity and underpaying Amazon employees. However, he wasn't always in such a cushy position. After the dot-com crash in the early 2000s, Jeff Bezos would lose about 90% of his wealth as Amazon stock crumbled from over $100 to $6 within just 2 years. Despite this drastic turn of events, Jeff Bezos would continue growing Amazon and diversifying their business which has paid off decades later. This video explains the various reasons Amazon stock skyrocketed in the late 1990s just to tumble back to the single digits by 2002.

Discord Community:
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Timestamps:
0:00 - Evil Bald Dude
0:37 - Legitimate Growth
2:29 - FOMO Growth
3:51 - Amazon IPO
6:22 - Legal Trouble
7:40 - Amazon Stock Crumbles
10:06 - Turning Around

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