Tech

Jeff Bezos' net worth jumps by over $12 billion after Amazon's big quarter

Key Points
  • Amazon beat Wall Street expectations for the fourth quarter, sending its stock soaring.
  • Bezos owns more than 57 million shares of the company.
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Amazon's stock soared more than 11% in extended trading after beating Wall Street expectations for the fourth quarter, and CEO Jeff Bezos added several billion to his net worth.

According a securities filing from earlier this month, Bezos owns more than 57 million shares of Amazon that he can sell. With the stock up by about $219 per share in extended trading, the value of Bezos' stake rose by roughly $12.6 billion.

The tech giant reported earnings of $6.47 per share and $87.44 billion in revenue for the quarter. Analysts expected $4.03 per share and $86.02 billion in revenue, according to Refinitiv.

The sharp rise after hours makes Amazon the fourth trillion-dollar company by the market cap in the United States. Apple, Alphabet and Microsoft have already crossed the threshold.

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