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Jeff Bezos added $18 billion to his fortune in minutes after Amazon crushed in earnings update

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The wealthiest person on the planet, Jeff Bezos, just got a whole lot richer.

Shares of his Amazon.com surged 12 per cent to US$2,100 in extended trading on Thursday (Jan 30), after the largest US e-commerce giant reported fourth-quarter results that smashed Wall Street estimates.

Mr Bezos added US$13.2 billion (S$18 billion) to his fortune in about 15 minutes. At the current price, his net worth would be about US$129.5 billion, according to the Bloomberg Billionaires Index.

Mr Bezos, 56, owns about 12 per cent of Amazon’s outstanding stock, making up the bulk of his fortune. The late stock surge on Thursday added more than US$90 billion to Amazon’s market value, pushing it above US$1 trillion.

His ex-wife, MacKenzie Bezos, 49, also has reason to celebrate, as she owns about 4 per cent of the Seattle-based retailer. She started the day as the world’s 24th-richest person, with a US$37.1 billion fortune.

Amazon’s profit in the final three months of last year rose 8 per cent from a year ago to US$3.3 billion as revenue as net sales grew 21 per cent to US$87.4 billion.

A record number of people signed up in the quarter for an Amazon Prime service that provides perks from one-day deliver to streaming television and music, according to Mr Bezos.

“We now have over 150 million paid Prime members around the world,” he said.

Amazon has expanded from its original mission as an online retailer and now is a major force in cloud computing, and its AI-powered digital assistant Alexa has been incorporated into thousands of consumer products.

Source: The Straits Times

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Frederick Nuetei Nortey known professionally as Frederick Nortey is a Ghanaian Celebrity Blogger and publicist.He founded fredericknuetei.com an entertainment website and blog that primarily publishes news about Ghanaian Celebrities.

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Guru set to build NKZ City

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NKZ boss, Guru, is set to build NKZ City for his people in Adukrom Abetema in the Eastern Region. 

The “Boys Abre” hitmaker who has been trending for the past few days after he wanted to feature Kuami Eugene but was allegedly denied the opportunity. Guru has now made known his plans of building a new NKZ City for the people of Adukrom Abetema in the Easter Region. 

Please watch the video below: 

Source: fredericknuetei.com

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“Stop using soldiers as security” – security analyst Col. Festus Aboagye (RTD) warns

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Security analyst, Col. Festus Aboagye (RTD) has warned the government to stop using soldiers as security. 

Speaking in an interview on TV3, he said its not the role of the military being so mandatory to provide security to certain VVIP’s. According to him, in the law, whether in practice or in the law, its not the role of the military to drive civilians and not even ministers but may be the head of state and the vice. 

For him, there might be a situation of emergencies like civil war and conflict in a part of the country but in the normal democratic governance that we find ourselves, military are not bodyguards for parliamentarians, ministers and lawyers. Please watch the video below: 

Source: fredericknuetei.com

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