Jeff Bezos laughs as he speaks about his flight on Blue Origin’s New Shepard into space during a press conference on July 20, 2021 in Van Horn, Texas.
Joe Raedle/Getty Images
- Amazon’s fourth-quarter earnings far exceeded analyst estimates, sending its stock soaring Thursday.
- Founder Jeff Bezos’ net worth jumped $19 billion to $183.5 billion on Friday, according to Forbes.
- It’s a stark contrast with Meta CEO Mark Zuckerberg, who lost nearly $30 billion after a brutal earnings report.
Jeff Bezos’ net worth jumped nearly $19 billion in a day on Friday after Amazon shares soared on a strong fourth-quarter earnings report.
The Amazon founder added $18.8 billion to his net worth Friday, bringing it to $183.5 billion, according to Forbes. Bezos owns 12.7% of Amazon, according to filings from the end of December.
Amazon’s stock surged after the company reported its earnings for the fourth quarter of 2021 and raised the price of Amazon Prime by $20 a year late Thursday. Amazon blew past earnings estimates but fell short on revenue. The company gained $141 billion in market value on the surge Friday.
Last month, the Bloomberg Billionaires Index estimated Bezos had lost nearly $25 billion thus far in 2022 amid a brutal market selloff.
Bezos’ windfall Friday stands in stark contrast to Meta CEO Mark Zuckerberg’s net worth slump earlier this week.
After reporting disastrous fourth-quarter earnings late Wednesday, Meta suffered the largest valuation wipeout in one day in US stock market history, shedding roughly $251 billion in market capitalization. The crash sent Zuckerberg’s net worth plummeting nearly $31 billion in a day to end up around $90 billion, according to the Bloomberg Billionaires Index.