This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Terms of Use.
Accept
IndiaPost LiveIndiaPost LiveIndiaPost Live
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
Notification Show More
Font ResizerAa
IndiaPost LiveIndiaPost Live
Font ResizerAa
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • India News
  • State
  • World
  • Entertainment
  • Business
  • Trending
  • Sports
  • Career
  • Lifestyle
  • Languages
Follow US
© 2024 NM Media. All Rights Reserved.

News » India News » Amazon share prices jump, catapult Jeff Bezos to the world’s 2nd wealthiest position

India News

Amazon share prices jump, catapult Jeff Bezos to the world’s 2nd wealthiest position

NM Desk
Last updated: 4 November, 2024 9:00 AM
NM Desk
Share
Amazon share prices jump, catapult Jeff Bezos to the world’s 2nd wealthiest position

The founder of Amazon – the US retail giant that has grown far beyond its original business of e-commerce to branch out in artificial intelligence, cloud computing and digital streaming – Jeff Bezos has become the world’s second richest man, thanks to a jump in the price of Amazon’s shares.

Contents
What is Jeff Bezo’s networth?The rise in Amazon sharesAmazon’s journey began in a Washington garage

Reports revealed that Bezos has sold a part of his holding in Amazon even as the company he founded is pushing ahead in a challenging market and investing in new technology-driven opportunities. One of the most significant points in this development is that the investors are reacting enthusiastically to the company’s shares, despite its fabled boss selling some of his shares in the past several months.

What is Jeff Bezo’s networth?

Reports said that Jeff Bezo’s networth stands at $222 billion, most of which is a function of the shares price of Amazon. It has powered the rise of Bezos to the second wealthiest person in the world, just behind Elon Musk (who is the world’s richest man) and just ahead of Mark Zuckerberg, the founder of Facebook. The net worth of Bezos has risen by a whopping $42.8 billion (y-o-y) which is substantially attributable to the rise in Amazon’s stock. The share price of Amazon is nearly $200 – a historic level that it never reached since the company’s shares began trading on Nasdaq.

Read More

Narrow escape for RJD leader Tejashwi Yadav as speeding truck hits his convoy in Bihar
Narrow escape for RJD leader Tejashwi Yadav as speeding truck hits his convoy in Bihar
Isha Outreach celebrates FPO success with prestigious awards
Isha Outreach celebrates FPO success with prestigious awards
Ektaa Kapoor, mother face POCSO charges for Gandii Baat series; know full scoop here
Ektaa Kapoor, mother face POCSO charges for Gandii Baat series; know full scoop here

The rise in Amazon shares

According to reports, the third-quarter earnings figures of Amazon powered it stock prices as high as 7% last week. The results exceeded market expectations and fuelled the growth in its hare prices. In fact, Amazon shares have rallied in the US markets in the past 1 year, when the rise has been recorded at more than 40%.
Reports said regulatory filings revealed Bezos has sold Amazon shares worth more than $3 billion. This divestment has pushed up the total stock sale by Bezos only in this year to more than $13 billion. However, there has been no explanation as to why he is selling his shares in the successful company.

Amazon’s journey began in a Washington garage

Jeff Bezos set up Amazon on July 5, 1994 at his garage in Washington. What began as an online marketplace for books, expanded so dramatically that it turned into a success story on which books began to be written. In 1997, it was listed on Nasdaq.

You Might Also Like

VHP’s Alok Kumar condemns attack on Hindu temple in Canada

Full list of 13 passengers who fell off overcrowded local train between Diva and Mumbra released | Check names

Tripura man catches wife with her lover; facilitates their wedding

Bihar to resume disaster safety training in schools with ‘Surakshit Shanivar’ sessions

SC seeks report on coaching centres within 2 months from Centre, UP, Haryana and DDA

TAGGED:Who is the world
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Latest News

Nitish Kumar to inaugurate Vaishali’s new Buddha Stupa; museum & memorial opens July 29
Nitish Kumar to inaugurate Vaishali’s new Buddha Stupa; museum & memorial opens July 29
India News
Highway Heroes Season 2: Free training & health check-ups for truck drivers
Highway Heroes Season 2: Free training & health check-ups for truck drivers
India News
Ace Pro Launched in Kolkata: Empowering the next generation of entrepreneurs
Ace Pro Launched in Kolkata: Empowering the next generation of entrepreneurs
India News
Sanjeev Nanda on Integrating Luxury Hospitality with India’s Medical Tourism Vision
Sanjeev Nanda on Integrating Luxury Hospitality with India’s Medical Tourism Vision
India News

You also Like

‘Priyanka will be like your mother, sister, daughter’: Rahul Gandhi in Wayanad
India News

‘Priyanka will be like your mother, sister, daughter’: Rahul Gandhi in Wayanad

NM Desk NM Desk 2 Min Read
Court acquits 10 persons in 2020 Delhi riots
India News

Bareilly court calls love Jihad international conspiracy against India

NM Desk NM Desk 3 Min Read
Crowd control, platform changes: Six unanswered questions about New Delhi Railway Station stampede
India News

New Delhi Railway Station stampede: PIL before SC seeks better crowd management measures

NM Desk NM Desk 3 Min Read
IndiaPost LiveIndiaPost Live
Follow US
© 2024 NM Media. All Rights Reserved.
  • About Us
  • Privacy Policy
  • Contact Us
Welcome Back!

Sign in to your account