A surge in after hours trading for Amazon.com Inc. added $3.3 billion to the fortune of Jeff Bezos, putting him less than $5 billion away from becoming the world’s richest person.
Bezos saw his fortune surpass $80 billion for the first time, according to the Bloomberg Billionaires Index. The 53-year old has added $65.2 billion to his net worth since the index debuted in March 2012 and ended Thursday with a net worth of $79 billion. His net worth will surpass $80 billion on the index for the first time if the gains hold Friday.
Amazon shares added almost $50 after the company projected sales that may beat estimates in the current quarter, furthering an unbroken 20-year streak of double-digit revenue growth. Amazon had first-quarter sales of $35.7 billion and earnings of $1.48 a share, beating Wall Street analyst expectations. Shares closed at $918.38 Thursday and reached as high as $965 after hours.