Happenings

Amazon CEO Jeff Bezos Already Made $10 Billion So Far In 2018

Amazon CEO Jeff Bezos Already Made $10 Billion So Far In 2018

Bloomberg Billionaires index said the Amazon CEO Jeff Bezos, 54, who is currently the world’s richest man, has already made $10 billion so far in this new year 2018.

Jeff Bezos’ net worth was $99 billion on New Year’s Day 2018. However, within one week, his net worth had increased to almost $105 billion, making the Amazon founder and CEO richer than Microsoft co-founder Bill Gates had ever been.

As of the close of the stock market on Friday, Bezos’ net worth hit the $109 billion mark, according to Forbes. In other words, Bezos has made $10 billion so far in 2018—and it’s only 13 days into the new year.

Bezos’ wealth is based mostly on his ownership of Amazon stock. And Amazon shares have climbed steeply in 2018. On Friday, Amazon stock rose by more than 2%, topping $1,305 per share. That’s up from around $1,170 at the start of 2018.

On Friday, he donated $33 million in college scholarships for children of illegal immigrants who have been given permission to stay in the US under the Obama-era Deferred Action for Childhood Arrivals (DACA) program.

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