Jeff Bezos' Magic Number Is $990

If Amazon shares hit that, and they're close, he'll be world's richest
By Arden Dier,  Newser Staff
Posted Apr 28, 2017 10:14 AM CDT
Jeff Bezos at the White House in 2016.   (AP Photo/Susan Walsh, File)

(Newser) – The world's No. 2 richest man took a big step toward the No. 1 slot Thursday. With Amazon shares reaching as high as $965 in after-hours trading (up nearly $50 from the close) on the news that sales may beat estimates for the quarter, Jeff Bezos' fortune was set to cross the $80 billion mark for the time. Bloomberg's math put him within about $5 billion of Bill Gates' net worth of roughly $87 billion. In order for him to get there, Amazon's shares would need to hit $990, reports CNBC; they opened at $948 and were trading at $938 as of this writing. (Read more Jeff Bezos stories.)

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