The business generated $113 billion in revenue—27% higher than the same period last year—and $7.8 billion in net profit. Amazon said Thursday that it predicts third quarter revenue to be between $106 billion and $112 billion, lower than the $119 billion analysts were expecting. Amazon’s decline also lowered the net worth of Bezos’ ex-wife MacKenzie Scott to an estimated $56 billion, a $4.6 billion drop on Friday, making her the 22nd-richest person in the world. Tencent CEO Ma Huateng’s fortune declined by $4.7 billion to $47.5 billion this week as the company’s shares fell by 8.5%. The net worth change is from close of markets Friday, July 23 to Friday, July 30.

Source: Forbes July 30, 2021 20:53 UTC