×

Bezos takes $7B hit on Amazon earnings miss

Didn't enjoy your Christmas? Jeff Bezos just lost $7 billion on his.

Amazon reported profits for the holiday quarter on Thursday that missed Wall Street expectations, and shares plunged in response.

As of 4:20 p.m. ET, the stock was down 14.1 percent, or $89.35 per share.

Given the Amazon CEO's 82.9 million shares in the company, his paper after-hours loss was about $7.41 billion.

Of course, wild earnings swings are nothing new for the man who ranks fourth on Forbes' billionaires list.

Three months ago, a good earnings report made him nearly $5 billion after-hours.