CEO of Amazon, Jeff Bezos just added over $13.2 billion in a little over 15 minutes of trading, to his wealth.
Jeff Bezos who is already the world’s richest man just got richer, according to a Bloomberg report, his personal fortune increased by over $13.2 billion, increasing his worth to about $129.5 billion.
Shares of his Amazon.com Inc. surged 12% to $2,100 in extended trading at 4:16 p.m. in New York, after Amazon’s final quarterly earnings report for 2019 in which the company told investors it managed to achieve $87.4 billion in revenue.
Bezos, 56, owns about 12% of Amazon’s outstanding stock, making up the bulk of his fortune. His ownership of closely held Blue Origin accounts for about $6.2 billion. The late surge Thursday added more than $90 billion to Amazon’s market value, pushing it above $1 trillion.
The company’s Amazon Web Services arm also reported a 34 percent year-over-year increase in sales in the past quarter. This led to Amazon achieving a sales figure totaling 9.95 billion in revenue.
