Similarly, Google’s (GOOGL) stock climbed more than 11 percent last week in extended trading after the company posted quarterly earnings of $6.99 per share on $17.73 billion in revenue.
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On Thursday evening, Amazon reported $23.18 billion in revenues – a 20% year-over-year jump.
With the after-hours increase, Amazon is now worth more than Walmart with a market capitalization of around $250 billion. In afternoon trading, the stock was up 12% after rising as much as 16% earlier to around $580.57 per share.
In total, his personal fortune stood at over $50 billion (€46 billion) yesterday, according to Forbes, making him the world’s fifth-richest person. One example: A seven-bedroom Tudor mansion, “complete with a batting cage and saltwater pool,” which was sold by a retired baseball pitcher to Chinese investors for $3.2 million, is now being “rented out to a group of Amazon.com employees”.
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Meanwhile Amazon, which started life in 1995 as an online book store Bezos ran from his Seattle garage, has been continuing its spread into all kinds of retail and logistics operations, including most recently grocery deliveries.
