Jeff Bezos’ Net Worth Soared by $3.3 Billion

International media reported that global e-commerce tycoon and billionaire Jeff Bezos saw a $3.3 billion increase in net worth as Amazon stocks soared to a new all-time high on April 11, 2024.

Amazon’s share price surged to $190 per share, propelling the company closer to achieving a market value of $2 trillion for the first time since hitting a low of $900 billion in 2022. 

This surge marks a remarkable 26 percent increase in Amazon shares this year alone, surpassing gains in all three major US stock indexes. 

Investor sentiment towards Amazon has notably shifted due to its significant advancements in artificial intelligence (AI), particularly evident in the success of its AI-heavy AWS segment, which drives much of the online retail giant’s growth.

It’s noteworthy that Amazon stock experienced a significant decline of up to 60% between mid-2021 and the end of 2022, following Bezos’s retirement as CEO.

Currently, Jeff Bezos holds the title of the world’s second-richest individual and the wealthiest American, having amassed more than $90 billion in wealth since April 2023.