In personal news, Bezos recently got engaged to his girlfriend of four years, Lauren Sanchez. The couple celebrated their engagement on a $500 million yacht in France. Despite speculation, it remains unclear whether the couple plans to travel to space together. Bezos' wealth has increased by $47 billion this year, making him the third richest man on Earth, according to the Bloomberg Billionaires Index.
Key takeaways:
- Amazon's shares saw a 10% increase on Aug. 4, exceeding analysts' expectations, after posting impressive second-quarter sales. This resulted in Jeff Bezos, the company's Executive Chairman, adding $11 billion to his wealth.
- Amazon's focus on AI-powered products has given it a market advantage, contributing to over 50% gain in its shares and increasing Bezos' wealth by $47 billion this year.
- Despite a 2.7% loss for Amazon on July 26 amid a Wall Street downfall, the company managed to send its stock almost 7% higher than expected.
- Jeff Bezos got engaged to Lauren Sanchez in May, and there is speculation about the couple's plans to go to space together.