Amazon Tops Trillion-Dollar Market Cap, Bezos Extends Lead As World’s Richest Man

Jeff Bezos was already the richest man in world history, but thanks to the surge in Amazon’s share price today – becoming the third company in history to top $1 trillion market capitalization (after Apple and PetroChina) – his net worth is up almost $70 billion in 2018, nearing $170 billion.

https://www.zerohedge.com/sites/default/files/inline-images/jeff-bezos.jpeg?itok=5v0_75dD

After a brief dip on its earnings, Amazon has not looked back, surging above the key $2050.27 briefly ($2050.50 highs) to become another trillion-dollar market cap company…

https://www.zerohedge.com/sites/default/files/inline-images/2018-09-04_8-39-46.jpg?itok=7eAuQkZ9

Amazon reached this milestone almost exactly one month after Apple. Next up – Microsoft or Alphabet?

https://www.zerohedge.com/sites/default/files/inline-images/2018-09-04_8-37-27.jpg?itok=rLny3RFV

Do not worry though – Amazon is not a bubble!

https://www.zerohedge.com/sites/default/files/inline-images/2018-09-04_8-31-10.jpg?itok=Ncw8mTOS

Interestingly, few remember that Apple was not the first company globally to ever hit $1 trillion in market capitalization.

The feat was achieved momentarily by PetroChina in 2007, after a successful debut on the Shanghai Stock Exchange that same year.

https://www.zerohedge.com/sites/default/files/inline-images/market-cap-petrochina.jpg

And as we noted previously, the $800 billion loss it experienced shortly after is also the largest the world has ever seen.

* * *

This pushes Bezos’ dominance of the global wealth leagues even higher…

https://www.zerohedge.com/sites/default/files/inline-images/2018-09-04_8-34-40.jpg?itok=yrTJazl7

Source: ZeroHedge

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