Bezos $2 billion richer after Amazon.com stock surge

Why is Jeff Bezos smiling? It could be because the Amazon CEO benefited handsomely from his company's huge stock surge Friday. Bezos saw the value of his Amazon stock increase by about $2.36 billion in one day. Amazon's stock hit an all-time high Friday — besting its peak during the dot-com boom — after the company reported a 68 percent increase in third-quarter profit and gave a rosy holiday forecast.

An Amazon filing with the Securities and Exchange Commission showed Bezos owned 94,158,586 shares of company stock as of August 18. Amazon stock jumped more than 26 percent today to close at $118.49, meaning Bezos' shares gained about $2.36 billion in value.

The total value of his stock is now $11.16 billion, based on the August SEC filing.

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About Eric Engleman

ERIC ENGLEMAN is senior technology staff writer for TechFlash and the Puget Sound Business Journal, covering online retail giant Amazon.com. Engleman tracks Amazon's increasingly complex business, spanning ecommerce, Kindle, cloud computing, and more. He's been covering technology and other industries for the Business Journal since 2003.

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