Skip to main content

Amazon at $1 Trillion Pushes Bezos’s 2018 Gain to $67 Billion


  • Gain in his net worth more than FedEx’s market capitalization
  • Amazon briefly became America’s second trillion-dollar company

Jeff Bezos Photographer: Matthew Staver/Bloomberg



Amazon.com Inc. briefly became America’s second trillion-dollar company on Tuesday after adding $434 billion to its market cap this year.
No one has benefited more than founder Jeff Bezos, who has added $67 billion to his fortune this year, giving him a $167 billion net worth on the Bloomberg Billionaires Index as of 12:30 p.m. in New York on Tuesday.


Here are six ways to put that $67 billion gain into context:
  • It’s more than the entire market capitalization of FedEx Corp.
  • Bezos’s gain this year alone would make him the seventh-richest person on Earth, ahead of Mexico’s Carlos Slim and Alphabet Inc.’s Larry Page and Sergey Brin.
  • It’s about the equivalent of Walt Disney Co.’s blockbuster bid for most of the assets of 21st Century Fox Inc.
  • His wealth has increased by an average of about $8 million an hour in 2018.
  • It’s roughly 10 times Amazon’s total net income since it went public in 1997.
  • The 499 other billionaires on the Bloomberg ranking have added a net combined $8.3 billion to their fortunes this year.
Source:- Bloomberg
Labels:

Comments

Post a Comment

Popular posts from this blog

Airtel is offering free Hello Tunes to prepaid, postpaid users: Here’s how to get it

Airtel customers can now set their favourite songs as Hello Tunes for free through Wynk Music app(REUTERS) Airtel continues to offer freebies to its users under ‘Airtel Thanks’ programme. The latest is free Hello Tunes for its postpaid and prepaid customers. The benefit is available to all Airtel customers with plans of Rs 129 and above. Airtel users can get a new Hello Tune via the company’s Wynk music application. Users can change their Hello Tune as many times they want. Users, however, will have to renew the ‘Hello Tunes’ subscription through Wynk Music every 30 days. With the latest bundle, users will no longer have to pay monthly subscription charge of Rs 36 for caller tunes. How to get free Hello Tunes Step 1: Airtel users need to download the latest version of Wynk Music or update the existing app to the latest version. Step 2: Open the app, tap on ‘Hello Tunes’ icon on the top right hand corner of the screen. Step 3: Choose the song and set it as Hello T...
Post a Comment
Read more