With the steep selloff in Big Tech Friday following the earnings release of Amazon, Apple and Meta, the net worth of Amazon AMZN founder Jeff Bezos plummeted by $20 billion, the New York Post reports.

Amazon shareholders were disappointed by the conglomerate's earnings, which took a hit from high labor costs following a hiring spree during the pandemic lockdowns. Like many other major U.S. companies, inflation is also taking a bite out of Amazon profits.

In the past five days, the range for AMZN has swung between $2,300 and $3,000. After losing 14% in its value Friday, AMZN opened at $2,448.02 Monday, May 2 and had ticked down by 2.72% by 11:06 a.m.

Amazon posted a $3.8 billion net loss in the quarter ended March 31, compared with a $8.1 billion profit in the comparable quarter of 2021.

Bezos is now worth about $148 billion, down 29.5% from a peak of $210 billion last year, according to the Bloomberg Billionaires Index.

That makes Bezos the world's second-richest man behind Tesla and SpaceX CEO Elon Musk, worth $249 billion, according to the Bloomberg Billionaires Index.

Bezos' wealth recently came under scrutiny when Dutch officials debated whether to dismantle a 140-year-old bridge to accommodate a $500 million superyacht the e-commerce founder is constructing near Rotterdam. Historical preservationists have threatened to throw rotten eggs at the boat if city officials approve alteration of the bridge.

Bezos and his girlfriend Lauren Sanchez, an entertainment reporter, have recently been seen double dating with Kim Kardashian and Pete Davidson.