Ahead of its earnings later today, Amazon stock hit an all-time high during intraday trading and with it CEO Jeff Bezos’ estimated wealth hit $90.9 billion, Bloomberg reports. This number pushes the net worth of the Amazon founder past that of Microsoft founder Bill Gates, still sitting pretty with $90.7 billion, earning Bezos the title of world’s richest person!
After the bell, Amazon will report its second-quarter earnings. Today’s jump in share price comes even as investors are expecting Amazon to announce a decline in year-over-year profits today, though the Street also expects revenues to skyrocket 22 percent to $37.2 billion.
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After the bell, Amazon will report its second-quarter earnings. Today’s jump in share price comes even as investors are expecting Amazon to announce a decline in year-over-year profits today, though the Street also expects revenues to skyrocket 22 percent to $37.2 billion.
Source:BBC
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