Jeff Bezos Earns $8 Billion in a Matter of Minutes

Jeff Bezos, the owner of Amazon and the world’s wealthiest man, made nearly $8 billion more from a spike in Amazon’s stocks on Friday, according to The Observer.

On Friday, Amazon’s stock rose by 7 percent, closing above 2,000, up $230 from the previous day’s total. Bezos owns around 57.5 million shares, which accounts for about 11 percent of the company’s total holdings. As a result of this increase, Amazon became one of only four American companies to be worth over $1 trillion, the others being Apple, Microsoft, and Alphabet (Google’s parent company).

Bezos’s personal wealth is estimated at roughly $137 billion. He became the first person in modern history to accumulate a fortune of over $100 billion, with Business Insider claiming his financial growth rate to be about $149,353 a minute.

About Eric Lendrum

Eric Lendrum graduated from the University of California, Santa Barbara, where he was the Secretary of the College Republicans and the founding chairman of the school’s Young Americans for Freedom chapter. He has interned for Young America’s Foundation, the Heritage Foundation, and the White House, and has worked for numerous campaigns including the 2018 re-election of Congressman Devin Nunes (CA-22).

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