Jeff Bezos gains $3.3 billion as Amazon stocks soar

Amazon's stock prices have reached an all-time high, making founder Jeff Bezos $3.3 billion richer, according to Forbes. This surge, the first since July 2021, comes as the e-commerce giant's share price rose by 2% to $190 per share on Thursday. The company is now on the cusp of surpassing the $2 trillion market capitalization milestone, driven by a growing investor interest in Amazon's advancements in artificial intelligence (AI).

Analysts predict that Amazon's AI-focused AWS division will be a key driver of the company's future growth. Following Bezos' transition to the role of executive chairman and Andy Jassy taking over as CEO, Amazon's stock prices experienced a significant drop of up to 60% between mid-2021 and the end of 2022.

Despite this setback, Bezos, at 60 years old, remains Amazon's largest shareholder and has seen his wealth soar to $210 billion due to the recent stock price surge. He currently holds the title of the world's second-richest individual, trailing behind Bernard Arnault, the CEO of LVMH.

Bezos, who is engaged to journalist and philanthropist Lauren Sánchez, resides with her on Indian Creek Island in Florida. Recently, Bezos acquired a new $90 million six-bedroom mansion, further solidifying his status as one of the wealthiest individuals globally.