The surge moved him from #15 on the list of the world's billionaires earlier this year to #9 as investors jumped into shares of his company based on strong earnings reports for Amazon's cloud service.
Amazon surged 14.1 percent on Friday, a massive increase that made CEO Jeff Bezos $4.6 billion in profits, pushing him to ninth place on Forbes’ list of the world’s billionaires.
He began the year at #15 on that list, but the company’s most recent earnings report showed a sales gain that beat Wall Street forecasts, causing investors to jump into Amazon stocks on Friday, according to a USA Today report.
Meanwhile, reports indicated that Amazon’s cloud computing service had achieved net sales of $1.6 billion just in the first quarter.
Bezos took a shot at Tinder in a recent letter to shareholders, according to a CNN Money report. He said that Amazon doesn’t just casually date other businesses; it gets married.
Bezos wrote that when you find a “dreamy business” you don’t “just swipe right — get married.”
Bezos was describing the three business partners that Amazon currently is in a relationship with: its Amazon Prime subscription service, its AWS cloud business, and Marketplace, where third parties can sell their own products.
There are concerns that these relationships won’t pay off, and Amazon is notorious for dumping a lot of money into failed partnerships, but Bezos said in the letter that he thinks they’re doing the right thing.
Marketplace has grown to a tremendous share of products sold at Amazon — more than 40 percent, a 5 percent increase from the first year.
The cloud business was launched nine years ago, but is now showing big returns, Bezos said, and it’s on pace to pull in $5 billion in revenue by the end of 2015.
Amazon Prime, meanwhile, was launched 10 years ago and now includes a streaming service, including the award-winning original Amazon show Transparent.
