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.
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