For few hours Jeff Bezos was richest man in the world

jeff-bezos.jpg Amazon CEO Jeff Bezos is once again the world’s second richest person  Amazon reported its second quarter earnings today, showing a profit of just $197 million on strong sales of $38 billion. The dip in profit, a drop of 77 percent from $857 million this time a year ago, is mainly due to Amazon’s aggressive investments in its own business.

Amazon’s stock is down 2 percent in after-hours trading, thanks to the earnings miss, making it highly likely Microsoft co-founder Bill Gates will hold onto the title with his personal fortune of $90.8 billion and climbing.

AWS posted operating income of $916 million this most recent quarter, a 28 percent jump from a year ago, on sales of $4.1 billion.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s