Amazon Investors Cheer Record Profits

by Forbes Middle East Forbes Middle East - Business News
Its good to be Jeff Bezos: The Amazon founder saw his fortune rise by another $3.2 billion on Friday.
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He is now worth $118.8 billion, solidifying his title as the richest person on the planet, according to Forbes real-time billionaire rankings. He briefly topped $120 billion, crossing a new threshold, during the day. In recent months, he has surpassed both Bill Gates (today worth $92.1 billion) and Warren Buffett ($89.9 billion).
Bezos fortune rose on the back of blockbuster quarterly results from Amazon. The e-commerce giant said on Thursday it hauled in a record $1.9 billion in profits in its fourth quarter. Revenue climbed 38% to $60.5 billion, topping expectations on Wall Street. Investors cheered the results and sent the stock up 3% on Friday.

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Created on Feb 4th 2018 23:50. Viewed 945 times.


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