Bloomberg reports that Bezos’ personal fortune increased by a cool $1.5 billion today following a big jump in Amazon’s stock price. The $18.32 rise in the online retailer’s value was fueled by the announcement that it will acquire the Dubai-based Souq.com, a deal that Goldman Sachs called, “the biggest-ever technology M&A transaction in the Arab world.”
Five years ago, I would have never believed the owner of Amazon would be the 2nd richest man in the world. The Amazon story is one that should be taught in classrooms if it isn’t already. They repeatedly lost money for years investing in their products and now they essentially power the Internet and will soon power all retail (even brick & mortar). They are a powerhouse and it’s a remarkable success story.
Further amazing that the found is still the CEO. Very few founders run their babies for this long and do well. Investors would have brought in a seasoned MBA 15 years ago but Jeff held out and look at him now.
<Insert how much money is enough question here>