Jeff Bezos gets $11B richer after Amazon earnings smash expectations

Australia News News

Jeff Bezos gets $11B richer after Amazon earnings smash expectations
Australia Latest News,Australia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Jeff Bezos is poised to get $11 billion richer after Amazon's earnings smashed expectations

, per a filing from June, so will make $11.3 billion if those gains hold up until the closing bell, according to Insider's calculations.after-hours Thursday that showed a surge in online sales lifting its revenue and profits in the three months ending June 30.

Both of those key numbers came in way above Wall Street analysts' expectations, per data from Refinitiv.that's seen investors pile into mega-cap Big Tech stocks. Bezos, who holds a 10% stake in the company he founded in 1994, has seen his wealth jump $47 billion in 2023, according to the

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos, fiancée Lauren Sánchez have star-studded engagement party on his $500M yachtJeff Bezos, fiancée Lauren Sánchez have star-studded engagement party on his $500M yachtA source tells Page Six exclusively that the fête, which took place in Positano, Italy, was “intimate” with only a “small crowd” in attendance.
Read more »

Jeff Bezos’ Blue Origin is a ‘work-from-work’ company, says leaked email tightening office mandateJeff Bezos’ Blue Origin is a ‘work-from-work’ company, says leaked email tightening office mandateAccording to a leaked company memo, Jeff Bezos’ Blue Origin shocked staffers by telling them they must report to an office five days per week.
Read more »

Amazon Stock Hits 12-Month High On Impressive Sales Boost—Pushing Bezos’ Net Worth Up $12 BillionAmazon Stock Hits 12-Month High On Impressive Sales Boost—Pushing Bezos’ Net Worth Up $12 BillionAmazon founder Jeff Bezos’ net worth increased around $200 million per minute in the first hour of trading Friday.
Read more »

Jeff Bezos & Lauren Sánchez Aren't Shy About Their Hot Love for Each Other in New NSFW SnapshotsJeff Bezos & Lauren Sánchez Aren't Shy About Their Hot Love for Each Other in New NSFW SnapshotsJeff Bezos and Lauren Sánchez openly express their love for one another while in Capri, Italy.
Read more »

Star Trek: Strange New Worlds Drops Its Musical Episode Main Theme [EXCLUSIVE]Star Trek: Strange New Worlds Drops Its Musical Episode Main Theme [EXCLUSIVE]Exclusive: Listen to this a cappella take on the Star Trek: StrangeNewWorlds main theme, arranged by JeffersonRusso for the show’s musical episode:
Read more »



Render Time: 2025-02-25 20:10:44