Amazon’s soaring stocks have made the richest people in the world even richer.
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The world’s richest person, Jeff Bezos, is again worth more than $ 200 billion as Amazon AMZN’s shares rose in anticipation of the company’s earnings report for the first quarter later this week.
The e-commerce giant’s shares rose 1.1% at 11:00 a.m. EST on Wednesday, adding $ 2.3 billion to Bezos ‘net worth to $ 201 billion, according to Forbes’ calculations. Investors have been eagerly awaiting Amazon’s early 2021 earnings, which the company will release after the market closes on Thursday.
Bezos is the first person in history to be worth more than $ 200 billion, but it’s not his first time to hit the milestone. It passed the $ 200 billion mark for the first time in August 2020, an achievement Forbes hadn’t seen in nearly four decades. Amazon stock soon fell, dropping Bezos’ net worth below $ 200 billion for the remainder of 2020 and early 2021. Amazon’s founder and CEO is now $ 15 billion richer than French luxury tycoon Bernard Arnault, the second richest person in the world, and $ 30 billion richer than Elon Musk, CEO of Tesla TSLA, who briefly ended January Took the top spot, but is now number three in the world.
Google co-founders Larry Page (left) and Sergey Brin (right) have both passed the $ 100 billion mark … [+]
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While Bezos topped $ 200 on Wednesday, two other billionaires passed the $ 100 billion mark. Google toget co-founders Larry Page and Sergey Brin achieved centibillionaire status when shares of the Google parent alphabet rose 4.2% from 11:00 a.m. EST. Page’s net worth rose $ 4.1 billion to $ 103.5 billion, while Brin’s net worth rose $ 4 billion to $ 100.3 billion. According to Forbes’ estimates, the two are now the sixth and eighth richest people in the world.
Your company reported a second straight quarter late Tuesday with record earnings that slightly exceeded analysts’ expectations. Alphabet had sales of $ 55 billion in the first quarter, up 34% year over year when ad sales were hit by the coronavirus pandemic. Investors were also particularly pleased with YouTube’s continued growth as the video streaming platform achieved $ 6 billion in revenue, up nearly 50% year over year.