Amazon said Thursday night that revenue rose just 7 percent in the first three months of the year, its slowest growth since October 2001.
The company also recorded its first quarterly loss since 2015, as it took a write-off of several billion dollars of its stake in Rivian, the electric car company.
Profitability was also affected by rising inflation in wages, fuel prices and delivery costs.
Mr Bezos’ stake in Amazon accounts for most of its net worth, with its stake in the space company Blue Origin and other investments making up the rest.
Investors reacted most strongly to Amazon’s forecast that revenue would rise by between 3% and 7% next quarter, a further slowdown.
Mr. Bezos has invested billions of his personal wealth in Blue Origin in an attempt to rival Elon Musk’s SpaceX. Mr Musk surpassed Mr Bezos as the richest man in the world last year after his electric car company Tesla jumped to $ 1 trillion.
Mr Bezos also promised to invest billions in a fund to work on projects to combat climate change.
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