Jeff Bezos’ Net Worth surged by $19 Billion

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Jeff Bezos’ Net Worth surged by $19 Billion
07 Feb 2022
6 min read

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News Synopsis

It's been nearly 27 years since Jeff Bezos launched Amazon, so it's difficult to recall a time when the company wasn't an e-commerce behemoth and Bezos wasn't one of the world's wealthiest men. Of course, a corporation with sales of nearly $400 billion has options, and Amazon has made several significant international acquisitions. Bezos who has made the history of Amazon company, his net worth saw a surge of $19 billion in a day after Amazon reported strong fourth-quarter earnings. The CEO and president of Amazon added $18.8 billion to his net worth on Friday taking it to $183.5 billion. As per the filings from the end of December, Jeff Bezos owns 12.7% of the company. The stock of the company surged after it reported the earnings in the fourth quarter of 2021 and raised the price of Amazon Prime by $20 a year. It gained $141 billion in its market value. Last month, the Bloomberg Billionaires Index estimated Bezos has lost about $25 billion so far in 2022, amid a brutal market sell-off. In contrast to Bezos' unexpected Friday, Meta CEO Mark Zuckerberg's net worth declined earlier this week. After reporting its fourth-quarter earnings, Meta suffered the largest valuation wipeout in one day in the history of the US stock market. It took down nearly $31 billion in a day from Mark Zuckerberg’s net worth.