Last Friday Amazon CEO Jeff Bezos made $6 billion in 20 minutes, or $5 million per second.
Amazon shares skyrocketed from $600 a share to a record high of $681.50 in after hours trading. Their first quarter earnings report was impressive as shares of Amazon surged about 10% after the company shared their earnings of $1.07 per share on $29.13 billion in revenue.
Investopedia reported that Amazon revenue increased 28 per cent to $29.1 billion in the first quarter, compared with $22.7 billion in first quarter 2015. As a result, 52 year old Bezos became the fifth-richest man in the world with a net worth of $59.8 billion as of today. According to CNN Money, the market value of Amazon is about $320 billion while Walmart is worth around $110 billion.
Today their shares are valued at around $684.13.
To get a perspective of how much Bezos made in 20 minutes, here are some things he can purchase with $6 billion dollars:
7,067,137 iPhone 6s with 128 GB that cost $849
5,719,733 Disneyland Signature Plus Annual Passports with no blackout dates at $1,049 each
1,333 Lamborghini Venenos that MSRP for $4.5 million each
Bezos can buy The Washington Post, which is valued at $250 million, 24 times
16 Airbus A380s which go for $375 million each
Bezos can buy 12 of Larry Ellison’s $500 million Lanai island in Hawaii
In 20 minutes, Bezos made 1.3 times more than what Donald Trump is reportedly worth, which is $4.5 billion