Home » News » Bezos fortune rises about $ 8 billion in one day

Bezos fortune rises about $ 8 billion in one day

Last updated: Sunday 8 Jumada Al Thani 1441 AH – February 02, 2020 KSA 08:50 – GMT 05:50
Posted on: Sunday 8 Jumada Al Thani 1441 AH – February 02, 2020 KSA 08:40 – GMT 05:40

Source: Dubai – Mr. Muhammad

While US stock markets were making a sharp loss last Friday with the S&P 500 falling at its worst daily pace since October, American businessman Jeff Bezos was making a fortune, with Bloomberg’s estimated capacity of $ 7.9 billion.

By the end of last week, Bezos ‘fortune amounted to $ 124.2 billion, with Amazon shares rising by 7.4% after quarterly results in the fourth quarter of last year that exceeded analysts’ expectations.

Bezos’s gains in January reached about $ 9.3 billion of its 12% stake in Amazon, in violation of a downturn and losses incurred by US stocks on the back of concerns about the Corona virus, which continues to take lives with warnings of its becoming a global pandemic.

And the market value of Amazon approached the trillion dollar barrier by the end of Friday’s transactions, when it reached about 999.96 billion dollars.

Bezos was not the only winner of the rise in the shares of Amazon, as the wealth of his ex-wife, who owns a share of about 4%, rose to $ 40 billion to become the fifth richest woman in the world, according to the Bloomberg Riches Index.

In the same context, the fortune of Elon Musk, the founder of Tesla, increased this week by about $ 2.7 billion, with the company’s shares rising after better than expected results in the last quarter of last year and the acceleration of the schedule of deliveries for the latest Tesla models.

The American business tycoon, Mark Zuckerberg, incurred losses of about $ 5.9 billion last week after disappointing Facebook sales and declining advertising revenue at a time when the company is facing a lot of pressure due to the tightening of privacy legislation.

These gains come at a time when US indicators ended sharply with the Dow Jones and Standard & Poor’s index dropping the biggest weekly losses from last August with disappointing results and fears related to the global economic slowdown due to the Corona virus crisis.

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