A rush in after-hours trading for Amazon.com Inc. has added $3.3 billion to the wealth of Jeff Bezos, Amazon’s founder. This means he is just $5 billion shy of becoming the world’s richest person.
Jeff Bezo’s $5 bn Away From Being World’s Richest Man
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Bezos’s fortune has gone above $80 billion for the first time, says the Bloomberg Billionaires Index. Jeff Bezos is 53-years old. He has increased $65.2 billion to his net worth after the debut of his index in March 2012 and as of Thursday, he had a net worth of $79 billion. If the gains continue at this rate, Bezos’ net worth will be beyond $80 billion in the index for the first time. Amazon shares increased around $50 after it forecasted sales that may defeat predictions in the current quarter. This will be an unbroken 20-year continuation of double-digit revenue growth. The first-quarter sales for Amazon were $35.7 billion and earnings were $1.48 a share, which beats the expectations of Wall Street analyst. Shares closed at $918.38 on Thursday and were as high as $965 after hours. Bezos has made more after-hours than those experienced by Google co-founders Larry Page and Sergey Brin. Page and Brin increased $1.4 billion when the shares of Google’s parent company Alphabet Inc. went to $938.18 after the news that the smartphone advertisement business aided Alphabet in posting revenue of $20.12 nl and net income of $7.73 per share. Page’s worth is $44.7 billion and Brin’s is $43.7 billion. They are the 11th- and 12th-richest people in the world as of Thursday. Microsoft’s co-founder Bill Gates has been on the top of Bloomberg’s index since May 17, 2013. His wealth reduced by $200 million to $87.1 billion when Microsoft showed mixed results and declining tablet sales growth.
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These are exciting times for Amazon and Jeff Bezos. It is a historic moment to be named the world’s richest man. Let’s see if Bezos is actually able to clinch that title.
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