+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Jeff Bezos just made $18 billion in 3 months

May 11, 2016, 03:47 IST

Amazon CEO Jeff BezosREUTERS/Rick Wilking

Amazon CEO Jeff Bezos has had a nice three months.

Advertisement

On Feburary 9, three months ago, Amazon's stock was trading at around $482 a share.

On Tuesday, it finished at an all-time high of $703.07.

That's a nice increase for Amazon investors, and for the company itself, which now boasts a market cap of roughly $332 billion.

But the biggest winner is undoubtedly Bezos, the company's founder, who owns 17.6% of the e-commerce company.

Advertisement

That stake is now worth a whopping $58 billion. Three months ago it was worth around $40 billion.

So to recap, Bezos' personal stake in Amazon - on paper - has increased by $18 billion in just three months.

That's a bump of roughly $200 million every day. $8.3 million an hour.

Any questions?

NOW WATCH: Virtual reality could help the stock market reach all-time highs in 2016 and 2017

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article