Jeff Bezos, founder and CEO of Amazon, further rooted his position as the richest man in the world. Amazon reported earnings during the holiday season that exceeded forecasts.
On Thursday, the company reported that its quarterly earnings and earnings were up double digits and exceeded analysts' expectations. The report increased its stake by 12% and added $ 12.8 billion to Jeff Bezos's 15-minute job. As of this moment, his assets are valued at $ 128.9 billion.
In recent months, Bezos and Bill Gates have been swapping the place of the richest man in the world. However, if the stock does not fall by the end of Friday, Bezos will be much richer than Bill Gates ($ 110.8 billion) and Bernard Arnault ($ 105.2 billion). Also, Amazon's market value added $ 90 billion, becoming a $ 1 trillion company.
Amazon's extraordinary profits are a result of holiday season sales that were boosted by the accelerated one-day shipment.
Source: Forbes, Bloomberg
