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Amazon five-minute share surge worth $4.4 billion for Jeff Bezos

28 April 2017

From The Sydney Morning-Herald:

A surge in after hours trading for Amazon.com added $US3.3 billion ($4.4 billion) to the fortune of Jeff Bezos, putting him less than $US5 billion ($6.7 billion) away from becoming the world’s richest person.

Bezos saw his fortune surpass $US80 billion for the first time, according to the Bloomberg Billionaires Index. The 53-year old has added $US65.2 billion to his net worth since the index debuted in March 2012 and ended on Thursday (US time) with a net worth of $US79 billion. His net worth will surpass $US80 billion on the index for the first time if the gains hold on Friday.

. . . .

Amazon shares added almost $US50 in around five minutes after the company projected sales that may beat estimates in the current quarter, furthering an unbroken 20-year streak of double-digit revenue growth.

. . . .

The stock has jumped over 20 per cent this year.

Link to the rest at The Sydney Morning-Herald

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4 Comments to “Amazon five-minute share surge worth $4.4 billion for Jeff Bezos”

  1. I smell me some ADS.

    “The stock has jumped over 20 per cent this year.”

    ‘Jump’ suggests they expect it to come back down. ‘risen’ might have been a better word if they didn’t think it was a sudden spike.

  2. 4 years contributions to Blue Origin

  3. Pshaw! 10 more billion here, 20 more billion there? Whatever. Kindles are tacky and clunky and print is coming back. The Guardian said so. They were super serious about it.

    And won’t Mr. Bezos-fancy-pants feel really silly then!

  4. So my pages read are mysteriously down for months, but at least my stock shares in Amazon are way up!

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