News Formal

Jeff Bezos just added $18 billion to his fortune in minutes after Amazon crushed in earnings update

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK (BLOOMBERG, AFP) - The wealthiest person on the planet, Jeff Bezos, just got a whole lot richer.. Read more at straitstimes.com.

Shares of his Amazon.com surged 12 per cent to US$2,100 in extended trading at 4.16pm in New York, after the largest US e-commerce giant reported fourth-quarter results that smashed Wall Street estimates.

His ex-wife, MacKenzie Bezos, 49, also has reason to celebrate, as she owns about 4 per cent of the Seattle-based retailer. She started the day as the world's 24th-richest person, with a US$37.1 billion fortune. It also operates one of the largest streaming video services and recently announced that its streaming music service has won more than 55 million subscribers, closing in on Apple Music.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Weak earnings hit stocks amid virus fears; FTSE slides as BoE stands patEurope: Weak earnings hit stocks amid virus fears; FTSE slides as BoE stands pat
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks rise as Apple drives tech gains, virus worries easeAsian shares rose on Wednesday as better-than-expected Apple Inc earnings drove some regional tech gains although broader confidence was capped by ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »