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Jeff Bezos added £10,000,000,000 to his fortune in just 15 minutes
by Jimmy NsubugaJeff Bezos is so rich he can make $13.2 billion (£10b) in just 15 minutes without lifting a finger.
The 56-year-old Amazon CEO earned the vast sum when his company posted holiday quarter results well above expectations on Thursday.
The positive numbers were the result of Amazon’s one-day shipping program expansion coming under budget and Prime loyalty club membership rising by 50% in two years.
Bloomberg reported Bezos, the richest man in the world, made $13.2b (£10b) in a quarter of an hour.
He is now worth an estimated $129.5b (£100b).
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Bezos’ ex-wife MacKenzie Bezos, 49, owns 4% of Amazon following their divorce so she also had reason to celebrate.
Her net worth is around $37.1b (£28b) and she is the 24th richest person in the world.
Bezos owns approximately 12% of Amazon stock.
Shares in Amazon soared as much as 13% in after-hours trade on Thursday, putting the online retailer back in the $1 trillion market capitalization club.
If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017.
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Amazon also forecast operating income of up to $4.2b in the current quarter, down from $4.4b (£3b) the year prior.
That appeared to assuage investor concerns about Amazon’s continued spending on fast delivery, which could have erased windfalls from e-commerce, advertising and cloud computing sales.
Bezos said in a statement the world’s biggest online retailer now has more than 150 million paid members in its loyalty club Prime, a 50% increase from its last disclosure in April 2018.
Subscribers keep returning to Amazon to benefit from perks like fast delivery, television and music streaming.
Its suite of voice-controlled Echo speakers has prompted still more engagement from customers, and grocery orders more than doubled in the holiday quarter in a vote of confidence for Amazon’s 2017 bet to buy Whole Foods Market.