Amazon Prime tops 100M users
CFRA Investment Strategist Lindsey Bell, Forbes Media Chairman Steve Forbes and Fox News contributor Robert Wolf on the outlook for Amazon.
Jeff Bezos, the founder and CEO of Amazon.com, added a whopping $4.6 billion to his fortune Friday, thanks to a big rally in the company’s shares.
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Amazon, which jumped 3.6% to $1,573 a share to cap the week, touched all-time highs a day after reporting sharp increases in quarterly earnings and revenue. Bezos is now worth $126 billion, according to the Bloomberg Billionaires Index.
Bezos, 54, is the wealthiest individual in the world. Bill Gates, the runner-up, has an estimated net worth of $91.1 billion. Warren Buffett’s net worth is $84.6 billion.
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Amazon more than doubled its first-quarter net income to $1.6 billion, while revenue jumped 43% to $51 billion. As investors bid up the stock, Bezos’s fortune jumped at least $12 billion after the closing bell Thursday.
