Amazon founder Jeff Bezos became richer by $ 13 billion in a day

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Last updated on July 25th, 2023 at 03:55 pm

Amazon founder Jeff Bezos became richer by $ 13 billion in a day

Western companies are approaching the period for the publication of quarterly reports, so investors are showing interest in those of them whose business, in the context of the pandemic, either demonstrated immunity to economic shocks or even added in revenue. E-commerce giant Amazon is now worth more than $ 1.5 trillion, and the personal fortune of its founder has increased by $ 13 billion per day.

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Amazon shares have gained 73% since the beginning of the year, and yesterday they added just 7.9% after the publication of an updated forecast for their market value by the investment bank Goldman Sachs, which mentioned the $ 3800 milestone as a new guideline. In just a day, Amazon’s capitalization eventually grew by $ 117 billion, and the personal wealth of the company’s founder, Jeff Bezos, increased by a record $ 13 billion, reaching $ 189 billion. He now owns assets whose market value exceeds the market value of Exxon Mobil, Nike, or McDonald’s… Even Bezos’ ex-wife, Mackenzie, by the end of Monday became richer by $ 4.6 billion, moving to 13th position in the list of the richest people in the world.

Other companies in anticipation of quarterly reports also demonstrate the positive dynamics of the price of their shares. Securities of Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook, and Netflix collectively surged $ 292 billion in value in just one day. Tesla’s business has demonstrated the ability to resist the cost of self-isolation, which translates into a six-week downtime of the main assembly line in the second quarter. The company’s shares rose 9.47% in anticipation of the release of the quarterly report. Microsoft’s capitalization increased by $ 66.82 billion (+ 4.3%), Apple shares gained 2.11%, Alphabet gained $ 32.08 billion (+ 3.1%). Facebook and Netflix increased their capitalization by $ 9.67 billion (+1.4%) and $ 4.28 billion (+1.91%), respectively. Investors hope that the business of these companies in the current economic conditions is able to demonstrate the positive dynamics of changes in financial indicators.

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