Jeff Bezos' fortune tops $120 billion as Amazon shares surge after hours
Jeff Bezos got a little bit richer Thursday after Amazon.com Inc. shares soared in after-hours trading, sending his personal fortune above $120 billion. After tumbling during the regular session (and losing Bezos almost $5 billion), Amazon shares jumped 6.2% in late trading after reporting fourth-quarter profit and revenue that far exceeded analysts' expectations.
From article, (Jeff Bezos got a little bit richer Thursday after Amazon.com Inc. shares soared in after-hours trading, sending his personal fortune above $120 billion.
After tumbling during the regular session (and losing Bezos almost $5 billion), Amazon shares AMZN, +4.75% jumped 6.2% in late trading after reporting fourth-quarter profit and revenue that far exceeded analysts’ expectations.
If the gain holds when trading begins Friday, the Amazon founder and CEO will have made about $6.5 billion overnight, pushing his total wealth to about $123 billion, according to the Bloomberg Billionaires Index.
This year has already been good to Bezos, who made $17.4 billion in January alone.
Bezos is ranked as the world’s richest man, surpassing Microsoft Corp. MSFT, -2.23% co-founder Bill Gates for the first time last summer. At the end of Thursday trading, Bezos had about a $21 billion lead on Gates, who is in second place.)
Me, "For those of you who are Private Company space Fans, Jeff Bezos personal fortune is now at $120 billion. The SLS has cost $18 billion so far to develop and is an expendable rocket. Bezos has plenty of money to fund his rocket company Blue Origin for years to come and construct reusable rockets. Things are looking up for the new space industry."
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