Jeff Bezos' Net Worth Falls below $100 Billion Amidst US Tax Reforms

Amazon CEO, recently became the first person to value over $100 billion in net worth since Bill Gates in 1999.The euphoria, it turns out, was short-lived as Bezos' worth Shrank below the hundred- billion-dollar mark,rolling down to $97.5 billion.

This, however does not take away Bezos' newly owned title of "World's Richest Person".Bloomberg reports that the likelihood of new Corporate Tax reforms in the USA led traders to withdraw money from tech companies and invest in beneficial entities instead.

Apart from Amazon, tech giants such as Facebook,Netflix and Alphabet also suffered significant losses.