Jeff Bezos adds $13,2bn in minutes
JEFF Bezos’ shares of his Amazon.com Inc. surged 12 percent to $2 100 in extended trading in New York, after the largest United States e-commerce company reported fourth-quarter results that smashed Wall Street estimates.
Bezos, already the world’s richest person, added US$13,2 billion to his fortune in about 15 minutes. At the current price, his net worth would be about US$129,5 billion, according to the Bloomberg Billionaires Index.
Bezos, 56, owns about 12 percent of Amazon’s outstanding stock, making up the bulk of his fortune. His ownership of closely held Blue Origin accounts for about US$6,2 billion. The late surge on Thursday added more than US$90 billion to Amazon’s market value, pushing it above US$1 trillion.
His ex-wife, MacKenzie Bezos, 49, also has reason to celebrate, as she owns about 4 percent of the Seattle-based retailer. She now sits on a US$37,1 billion fortune.
Elon Musk’s fortune swelled by US$2,3 billion in an hour after shares of Tesla Inc. rose.Bill Gates and Steve Ballmer also saw huge gains after Microsoft Corp. reported results.
Mark Zuckerberg’s fortune tumbled $4 billion as Facebook shares slid on its slowest-ever quarterly sales growth. — Bloomberg