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Bezos' Net Worth Surges $25 Billion as Amazon Stock Soars

Guavy AI Editorial Team
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AMZN
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Amazon's stock price surged to its biggest single-day gain in over four years following a stronger-than-expected earnings report. The company's shares climbed roughly 14% shortly after markets opened on Friday, adding approximately $25 billion to Jeff Bezos' net worth.

The increase pushed his estimated fortune to $271.5 billion, placing him third on the global wealth rankings behind only Elon Musk and Larry Page. This marks a dramatic rise in Amazon's stock price, with AWS revenue growing 37% year on year, reaching $42.2 billion.

Chief Executive Officer Andy Jassy said the bulk of the additional investment would be directed towards artificial intelligence infrastructure, in response to rising demand for AI-related services.

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