- Bezos' windfall came after Amazon's stock price increased by 12% to $12,000 during trading Thursday in New York.
- The bulk of Bezos' $116 billion fortune comes from his Amazon stock, with ventures such as Blue Origin and the Washington Post newspaper comprising the rest.
- Thursday's stock surge came after a stellar quarter for Amazon, as it posted revenues of $87 billion for the fourth quarter of 2019 up from $72.4 billion in Q4 2018.
- Visit Business Insider's homepage for more stories .
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Amazon CEO Jeff Bezos added $13.5 billion to his fortune in 15 minutes
Amazon CEO Jeff Bezos' fortune grew by $13.5 billion in just 15 minutes on Thursday.
Jeff Bezos
Jeff Bezos may have been the only ultra-wealthy billionaire who failed to get richer in 2019, but he's making up for it in 2020.
The Amazon CEO's fortune grew by $13.5 billion in just 15 minutes on Thursday, as first noted by Bloomberg .
Bezos' windfall came after Amazon's shares surged around 12% to $2,100 during after-hours trading Thursday in New York.
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The bulk of the 56-year-old's fortune comes from his ownership of roughly 12% of Amazon's stock.
The rise in his stock's value would put his current net worth at about $129 billion, boosting him above Microsoft founder Bill Gates. The two have traded the spot of the wealthiest person in the world over the last year.
Bezos is a keen investor, operating through his eponymous VC vehicle Bezos Expeditions. His panoply of ventures including his ownership of aerospace firm Blue Origin and the Washington Post newspaper supplies the rest of his wealth.
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He has also been recognized as the richest person in modern history after his fortune hit the $150 billion mark in July 2018.
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Thursday's stock surge came after a stellar quarter for Amazon .
The tech giant reported earnings per share of $6.47, versus expectations of $4.04.
Its gamble on making one-day shipping the default for Amazon Prime members looks to have paid off , as it posted revenue of $87 billion for the fourth quarter of 2019 up from $72.4 billion the prior year.
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See Also:
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- Deutsche Bank says it hasn't seen this level of 'caution around Amazon shares' in a long time but Wall Street remains bullish about the company ahead of its fourth quarter earnings report
- A New York Times reporter who covers Saudi Arabia was targeted by the same spyware used to hack Jeff Bezos, according to a new report
- Trending: Just when the trade war was cooling, tech has a new China problem
SEE ALSO: Jeff Bezos turns 56 Sunday. Here's how he makes and spends his billions.
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