- Amazon CEO Jeff Bezos Earned $13.5 billion To His Fortune In Just 15 minutes
- Amazon CEO Jeff Bezos Now Worths $129 Billion With Making $13.5 Billion In 15 minutes
Jeff Bezos' windfall came after Amazon's stock price increased by 12% to $2,100 during trading in New York City. Thursday's stock surge came after a stellar quarter for Amazon, as it posted revenues of $87 billion for the fourth quarter of 2019 up from $72.4 billion in Q4 2018.
Even after facing some problems that slashed over 30% of his wealth putting him in a jeopardy last year, but he's making up for it in 2020. The Amazon CEO's wealth grew by $13.5 billion in just 15 minutes on Thursday, as noted by Bloomberg .
The bulk of the 56-year-old's wealth comes from his ownership of roughly 12% of Amazon's stock. The rise in his stock's value would put his current net worth at about $129 billion, boosting him above Microsoft founder Bill Gates. The two have traded the spot of the wealthiest person in the world over the last year.
Bezos is a keen investor, operating through his eponymous VC vehicle Bezos Expeditions. His panoply of ventures including his ownership of aerospace firm Blue Origin and the Washington Post newspaper supplies the rest of his wealth.
The tech giant reported earnings per share of $6.47, versus expectations of $4.04. Its venture on making one-day shipping the default for Amazon Prime members have finally paid off, as it posted revenue of $87 billion for the fourth quarter of 2019 up from $72.4 billion the prior year.
