Jeff Bezos has become richer for $ 13.5 billion in just 15 minutes

UNITED STATES (OBSERVATORY NEWS) — Amazon CEO Jeff Bezos’s fortune has risen to $ 13.5 billion in just 15 minutes, according to Bloomberg data.

Shares of Amazon rose about 12% to $ 2,100 during Thursday evening sales.

The majority of the 56-year-old’s wealth comes from his ownership, approximately 12% stake in Amazon.

Increasing the value of its shares would bring its current value to about $ 129 billion, thus remaining “cozy” as the richest in the world, ahead of Microsoft founder Bill Gates.

Otherwise, the two have “swapped” the place of the richest person in the world over the past year.

As noted, Amazon’s last quarter has also been robust, and this was driven by record-breaking holiday sales.

Amazon has invested heavily in logistics, as it promised last year that it would make day shipping normal for Amazon members, rather than the two-day shipping it has long offered.

In the fourth quarter alone, the company planned to spend $ 1.5 billion on the initiative.


This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY — Breaking news source, real-time coverage of the world’s events, life, politics, money, business, finance, economy, markets, war and conflict zones.

Contact us: [email protected]

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.