Jeff Bezos is $13BILLION richer after Amazon’s net sales went up by 21 per cent over the holiday season as customers rushed to buy gifts online
- An Amazon news release for the fourth quarter shared on Thursday reveals that sales went up 21 per cent during the period, gaining $87.4billion
- This amount is a nice jump from the 72.4billion in net sales made by the company at the same point in 2018
- The news caused stock to jump more than 12 per cent in after-hour trading and lended to the nice addition to Bezos’ already sizable fortune
- He is now worth approximately $129billion
Amazon’s Jeff Bezos raked in nearly $13billion after announcing how well the e-commerce behemoth did during the holiday quarter, further cementing his status as the richest person in the world.
An Amazon news release for the fourth quarter shared on Thursday reveals that sales went up 21 per cent during the period, gaining $87.4billion. This amount is a nice jump from the 72.4billion in net sales made by the company at the same point in 2018.
The news caused stock to jump more than 12 per cent in after-hour trading and lended to the nice addition to Bezos’ already sizable fortune. He is now worth approximately $129billion.
Jeff Bezos is worth approximately $129Billion after a report detailing Amazon’s fourth quarter caused stocks to rise
Holiday sales heavily influenced the quarter as customers ‘ordered billions of items worldwide, including tens of millions of Amazon devices.’
For the quarter, operating income increased to $3.9billion. That is compared with operating income of $3.8billion in fourth quarter of 2018.
The release further states that net income increased to $3.3billion in the fourth quarter, or $6.47 per diluted share, compared with net income of $3.0 billion, or $6.04 per diluted share, in fourth quarter 2018.
‘Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,’ Bezos said in the release.
Sales went up 21 per cent during the period, gaining $87.4billion. This amount is a nice jump from the 72.4billion in net sales made by the company at the same point in 2018
The news caused stock to jump more than 12 per cent in after-hour trading and lended to the nice addition to Bezos’ already sizable fortune
‘We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year. Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns.
‘Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year, and Amazon Originals received a record 88 nominations and 26 wins at major awards shows. A huge thank you to teams across Amazon for their dedicated work to build, innovate, and deliver for customers this holiday.’
Bill Gates is still the second richest person in the world. He is followed by Bernard Arnault