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Jeff Bezos Just Got $12 Billion Richer Overnight

By:
Bloomberg
2 min read
BERLIN, GERMANY - APRIL 24: Jeff Bezos and his wife MacKenzie Bezos attend the Axel Springer Award 2018 on April 24, 2018 in Berlin, Germany. Under the motto "An Evening for" Jeff Bezos receives the Axel Springer Award 2018. (Photo by Franziska Krug/Getty Images) - Franziska Krug—Getty Images
BERLIN, GERMANY - APRIL 24: Jeff Bezos and his wife MacKenzie Bezos attend the Axel Springer Award 2018 on April 24, 2018 in Berlin, Germany. Under the motto "An Evening for" Jeff Bezos receives the Axel Springer Award 2018. (Photo by Franziska Krug/Getty Images) Franziska Krug—Getty Images

Jeff Bezos, the world’s richest person, got a lot richer Thursday.

The Amazon.com Inc. founder added $12 billion to his fortune as the company’s shares surged 6.3 percent to $1,614 in extended trading at 4:33 p.m. in New York -- on top of a 4 percent gain during the regular session -- after the retailer reported results that beat Wall Street estimates. That lifted Bezos’s net worth to $134 billion, according to the Bloomberg Billionaires Index.

It has been a turbulent week for the richest Americans in tech. On Tuesday, Alphabet Inc. spooked investors after first-quarter results sparked concern that the Google parent plans to go on a spending binge, punishing shares of Amazon, Facebook Inc. and Netflix Inc. Bezos lost $4.6 billion that day, and Alphabet’s Larry Page and Sergey Brin each lost $2 billion.

Facebook co-founder Mark Zuckerberg, whose fortune dropped $2.5 billion on Tuesday, got a reprieve Thursday as his wealth increased by $5.8 billion, a day after the social network posted better-than-expected results for the first quarter. He leapfrogged Spain’s Amancio Ortega to No. 5 in the global wealth ranking.

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