Jeff Bezos now worth more than $129.5 billion

Jeff Bezos now worth more than $129.5 billion

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Jeff Bezos, the world’s richest person, got billions richer in minutes Thursday as Amazon shares soared in extended trading on news of a killer quarter driven by strong holiday sales

Bezos’ fortune shot up about $13 billion. At $2,100 a share, the Amazon CEO is now worth about $129.5 billion, according to the Bloomberg Billionaires Index.

Fourth-quarter revenue and profit crushed Wall Street estimates. Amazon said its profit grew 8% to $3.3 billion for the three months that ended in December. Earnings per share were $6.47, wildly exceeding $4.04 per share analysts were expecting, according to research firm FactSet. Revenue surged 21% to $87.44 billion.

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The winning streak has helped Bezos leapfrog Bill Gates as the wealthiest person on the planet. 

MacKenzie Bezos, former wife of the Amazon founder, has unloaded about $350 million worth of Amazon shares, about 1% of her Amazon stock, according to a recent filing with the Securities and Exchange Commission. 

Jeff Bezos, the world’s richest person, got billions richer in just minutes Thursday as Amazon shares soared in extended trading on news of a killer quarter driven by strong holiday sales.

As part of the couple’s divorce settlement last year, MacKenzie Bezos got a 4% stake in Amazon, or about 19.7 million shares.

Amazon.com scored more than just good financials in the fourth quarter. The online retailer reported it now has more than 150 million Prime members, up 50% from the last time Amazon released the number in 2018. 

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.