The move is in response to Amazon’s huge earnings beat. The retail behemoth reported revenue of $35.71 billion, beating estimates of $35.3 billion. The company also surpassed earnings estimates of non-GAAP earnings per share of $1.07, reporting EPS of $1.48.
Jeff Bezos is the largest shareholder of Amazon, with about 80.9 million shares or 16.93% of total outstanding shares, according to his latest filing on February 16 of this year.
The only person in the world wealthier than Bezos is Microsoft cofounder Bill Gates, with a net-worth of $87.1 billion. Bezos is just $5.5 billion away from matching Gates.
According to Bloomberg, Bill Gates has been the world’s wealthiest man since 2013.
Source: Business insider
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