Amazon’s stock went up $23 a share two days ago. Some may ask, “Why is this news?” It’s big news for Amazon’s founder and CEO.
This increase in stock made Jeff Bezos the fourth richest person in the world today, according to the Bloomberg Billionaire List. If you want to invest in Amazon, you better be ready to empty your bank account. As of this writing, Amazon stock is approximately $712 per share. As of this week, his net work is over $61 billion. That’s not far from Warren Buffet, who is the second richest person in the world with almost $68 billion to his name. What’s even more astonishing than that is how much Bezos accumulates in a short time. The day he became the fourth richest person in the world, he made over $2 billion. That’s just in one day! And two billions is pocket change compared to the $6 billion he made in one day when Amazon reported spectacular Q1 2016 earnings. That was just two weeks earlier. Some experts say Bezos can surpass Buffet at this rate within months.
Maybe it’s because Bezos is having the best 2015-2016 ever, so far. In a year, Amazon stock has more than doubled. His company Blue Origin launched and landed their first rocket. Of course, Amazon has had their fair share of setbacks. Remember when Walmart left them in the dust last summer in that sales race? But what matters is they bounced back and are better than ever. Perhaps what’s fueling Bezos’ billionaire year is his social media feuds with other tech giants like Elon Musk. Musk is also serious about space pioneering. I only expect Jeff Bezos to have a better second half of 2016 because so many people are interested in space technology. Some are even paying hundreds of thousands of dollars to go there. By the end of 2016, could Bezos be the 3rd richest man of Earth, or even higher?