After Amazon’s stock gained 9.6% Friday morning, before ending the day up 7.4%. He remains the richest person in the world, with a net worth that Forbes pegs at estimate 130 billion dollars.
The online retail giant reported quarterly profits and revenue that grew by double digits, driven by its cloud business, Amazon Web Services. After hours trading Thursday drove its stock up 9.6%, and Amazon stock opened Friday morning at $2,051.47. The jump pushed the company’s valuation above $1 trillion, joining other tech giants Apple, Microsoft, and Alphabet in the four-comma club.