Jeff Bezos is closing in on the title of world's richest person
Shares of Amazon are are up 3.76% in the pre-market trade, which means that overnight the net-worth of Amazon CEO Jeff Bezos grew by approximately $2.8 billion to $81.5 billion.
The move is in response to Amazon's huge earnings beat. The retail behemoth reported revenue of $35.71 billion, beating estimates of $35.3 billion. The company also surpassed earnings estimates of non-GAAP earnings per share of $1.07, reporting EPS of $1.48.
Jeff Bezos is the largest shareholder of Amazon, with about 80.9 million shares or 16.93% of total outstanding shares, according to his latest filing on February 16 of this year.
On March 29, Bezos surpassed Amancio Ortega, chairman of Inditex fashion group ($74.1 billion) and Berkshire Hathaway CEO Warren Buffet ($75.5 billion) to become the world's second richest person.
Now Bezos is on the verge of becoming the wealthiest person in the world. According to the Bloomberg Billionaires Index, Bezos saw his fortune surpass $80 billion for the first time last night.
The only person in the world wealthier than Bezos is Microsoft cofounder Bill Gates, with a net-worth of $87.1 billion. Bezos is just $5.5 billion away from matching Gates.
According to Bloomberg, Bill Gates has been the world's wealthiest man since 2013.
Click here for a real-time Amazon chart.
Markets Insider
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market