Jeff Bezos Got $8 Billion Richer in Minutes!

4 February 2020
320 Views

Saying life is not fair is not statin anything novel, but this saying is driven home even harder when you find out the richest man makes $8 billion in a matter of minutes…

This is how much the richest man in the world, Jeff Bezos, who runs Amazon, a tech empire that tops the list of some of the evilest companies made on Friday!

Amazon stock jumped more than 7%, closing above $2,000, compared to the previous day when it closed at $1,870. Those figures are great news for Bezos, who owns roughly 57.5 million shares of Amazon stock, which equates to around 11% of the company.

Last Thursday, when Amazon reported earnings for the holiday quarter, it made heads explode on Wall Street (metaphorically—not literally—although, I’m sure Amazon is working on that technology). Also, during that quarter, Prime memberships surged to a new level of 150 million subscribers. The combination of good news made investors show their love and respond accordingly. During Friday’s trading, Amazon, the company that treats its warehouse employees like robots, become part of the elite group of companies with market capitalizations above $1 trillion.

It’s estimated that Bezos already has $137 billion tucked away. He was the first person to accumulate over $100 billion. (Hmmm? You think with that much money coming in, he could afford to let his Amazon warehouse employees take bathroom breaks?)

Business Insider calculates that Bezos, on average, makes $149,353 a minute.

Source: observer.com

You may be interested

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque
GREECE
shares37 views
GREECE
shares37 views

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque

Panos - Jul 03, 2020

Α possible Turkish government’s decision turning Hagia Sophia into a mosque would signal a significant tension in the Greek-Turkish relations…

Greece: E-governance Min. Pierrakakis outlines digitization progress at online e-conference
GREECE
shares41 views
GREECE
shares41 views

Greece: E-governance Min. Pierrakakis outlines digitization progress at online e-conference

Panos - Jul 03, 2020

Digital Governance Minister Kyriakos Pierrakakis outlined the key steps so far taken under the government’s digital transformation policy, while speaking…

GREECE
shares44 views

Incoming flight passengers total 21.000 at Athens International on reopening day of all Greek airports

Panos - Jul 03, 2020

Some 21,100 passengers and 55 international flights arrived at Athens International Airport on July 1, the first day of the…

Leave a Comment

Your email address will not be published.