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Jeff Bezos’s Fortune Increases by $13 Billion With Amazon Stock Surge

10 months ago

Jeff Bezos beats his own net worth with another surge in his earnings. That’s right. This happened as the shares of Amazon took a surge of at least 12% to reach $2,100 at around 4:16 pm for extended trading in New York.

The earnings of the fourth-quarter have also reported having smashed the estimations of  Wall Street. Jeff Bezos thereafter added another $13.2 billion in his horde of money within a span of minutes.

Being already the richest person in the world, his net worth jumped to around $129.5 billion now, as per the data from a media company’s Billionaires Index.

Bezos, aged 56, also owns Amazon’s 12% outstanding stock that constitutes the majority of his fortune.

His closely coupled ownership for the accounts of Blue Origin amounts to at least $6 billion. With the latest surge that took place on Thursday, another $90 billion have been added to the market value of Amazon taking it over $1 trillion now.

The surge is reportedly attributed to the holiday sales that recently happened further fueled by the last-minute binge shopping due to the new one-day free shipping feature. Amazon hence has also become a huge investor in logistics as a prime member’s one-day shipping, instead of 2-day shipping brought in more money. It speculated spending of at least $1.5 billion in the fourth quarter alone into logistics.

Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,

says Bezos in a statement.

While the CFO, Olsavsky, said in a news report,

We are getting more efficient, both in our transportation and delivery methods and also in our warehouses.

The news is overwhelming for MacKenzie Bezos, his ex-wife, too because she has ownership of around 4% of the company based in Seattle. She now comes 24th in the list of world’s wealthiest people with a net worth of $37.1 billion.