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.