The catchphrase ‘rich gets richer’ seems to be working well for Jeff Bezos, the founder of Amazon.com Inc, who yesterday added a whopping 12 $ billion to his worth to take his net worth to $134 billion, as per the reports of Bloomberg Billionaires Index. His company shares increased by 6.3 percent in the extended trading at 4 33 pm along with a 4 percent gain during the regular session.
Facebook co-founder Mark Zuckerberg also made a comeback on Thursday, increasing his wealth by $5.8 billion and going past Amancio Ortega to secure the fifth position in the global wealth ranking. His fortunes had dropped by $ 2.5 billion Tuesday.
Amazon too had a tough day on Tuesday as Google sparked concern that it is going on a spending binge. The shares of Amazon, Netflix Inc, facebook etc suffered and the e-commerce leader lost $ 4.6 billion.
Amazon continues to maintain its reputation for spending as much as money as it can and despite its tiny operating profit margin, its gross profit margin is seeing a surge.
Also Read: State Information Commissionerate echoed for increasing the number of SIC benches
Post Your Comments