The Amazon founder and CEO added around $8 billion to his fortune Friday, as the company's stock jumped up more than 7% to close above $2,000, compared to the previous day's close at $1,870
The Amazon founder and CEO added around $8 billion to his fortune Friday, as the company's stock jumped up more than 7% to close above $2,000, compared to the previous day's close at $1,870. On Thursday, Amazon reported earnings for the holiday quarter that blew Wall Street's expectations out of the water, and investors responded accordingly.
Bezos and his wife, MacKenzie Bezos, announced their divorce last January. As part of their divorce settlement, MacKenzie Bezos received 25% of the couple's Amazon stock, according to an April securities filing, giving her a 4% stake in the company.The company's stock also dipped toward the end of 2019, as the company's investments in one-day shipping dragged down profits.But Wall Street analysts seemed encouraged when Amazon reported earnings this week.
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