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Amazon at $1 Trillion Pushes Bezos’s 2018 Gain to $67 Billion

Amazon at $1 Trillion Pushes Bezos’s 2018 Gain to $67 Billion

(Bloomberg) -- Amazon.com Inc. briefly became America’s second trillion-dollar company on Tuesday after adding $434 billion to its market cap this year.

No one has benefited more than founder Jeff Bezos, who has added $67 billion to his fortune this year, giving him a $167 billion net worth on the Bloomberg Billionaires Index as of 12:30 p.m. in New York on Tuesday.

Amazon at $1 Trillion Pushes Bezos’s 2018 Gain to $67 Billion

Here are six ways to put that $67 billion gain into context:

  • It’s more than the entire market capitalization of FedEx Corp.
  • Bezos’s gain this year alone would make him the seventh-richest person on Earth, ahead of Mexico’s Carlos Slim and Alphabet Inc.’s Larry Page and Sergey Brin.
  • It’s about the equivalent of Walt Disney Co.’s blockbuster bid for most of the assets of 21st Century Fox Inc.
  • His wealth has increased by an average of about $8 million an hour in 2018.
  • It’s roughly 10 times Amazon’s total net income since it went public in 1997.
  • The 499 other billionaires on the Bloomberg ranking have added a net combined $8.3 billion to their fortunes this year.

To contact the reporters on this story: Tom Metcalf in New York at tmetcalf7@bloomberg.net;Jack Witzig in Princeton at jwitzig@bloomberg.net

To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Daniel Taub, Dan Reichl

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