Amazon Surge Makes Jeff Bezos Richer, Meta Stock Crash Wipes $35 Billion From Mark Zuckerberg’s Fortune: What’s Going On?
The billionaire wealth race took a dramatic turn this week as Jeff Bezos’ fortune climbed to $265 billion, thanks to Amazon.com, Inc.’s (NASDAQ:AMZN) stellar third-quarter results, while Mark Zuckerberg’s net worth tumbled by $35 billion following Meta Platforms, Inc.’s (NASDAQ:META) steep stock sell-off. Bezos Rides Amazon Rally To Record Wealth Bezos, founder and former CEO of Amazon, saw his net worth jump by $18.6 billion on Friday, according to the Bloomberg Billionaire Index, as Amazon shares surged 9.61%. The rally followed the company’s better-than-expected third-quarter earnings, signaling robust consumer demand and continued dominance in e-commerce and cloud computing. Amazon reported net sales of $180.2 billion, up 13% year-over-year, beating Wall Street’s consensus estimate of $177.8 billion, according to Benzinga Pro. The company also …Full story available on Benzinga.com
