Jeff Bezos' Fortune Soared By $2.7 Billion on Friday
Thanks to strong earnings reports from Amazon.com and Microsoft, the fortunes of Jeff Bezos, Bill Gates and Steve Ballmer all soared on Friday.
Amazon.com had a particularly good day on Friday, as shares of the company soared 9.39% after the company's Q3 earnings report exceeded Wall Street expectations. Shares of Amazon.com now sit close to an all-time high.
Microsoft also had a strong day on Friday, as the company's shares traded up sharply higher following their better-than-expected earnings report. Shares of Microsoft ended the day up almost 6%, and the company now has a market capitalization that is just a shade below $300 billion.
Amazon and Microsoft's strong earnings reports translated in rosy days for some of the world's richest men, including Jeff Bezos, Bill Gates and Steve Ballmer.
Jeff Bezos had an especially good day on Friday, as his net worth increased by over $2.7 billion. Bezos, who has been with Amazon.com since the very beginning, now has a net worth of over $31.8 billion, which makes him one of the world's wealthiest men. Given Amazon's incredibly strong performance over the past couple of years, you can't help but wonder if Bezos' net worth won't one day be competing with the likes of Warren Buffett and Bill Gates.
Speaking of Bill Gates, the Chairman of Microsoft also had a great day on Friday, as his net worth increased by over $845 million to $73,041,864,402. Gates, who is currently the world's richest man, has given away an extraordinary amount of money to his charitable foundation and other charities over the past decade or so. Despite all of these donations, Gates is still the richest man in the world.
Steve Ballmer, who recently announced his intentions to step down as CEO of Microsoft, also had a good day on Friday, as his net worth increased by about $700 million.
Filed under: General Market News