Much of Bezos’ wealth is tied to Amazon’s stock. It owns approximately 57.5 million shares, or approximately 12% of the company.
2020 is already looking for Bezos, after its finances suffered slightly last year.
But Wall Street analysts seemed encouraged when Amazon reported earnings this week. Revenues for the three months ending December were up $ 87.4 billion, up 21% from the same period a year earlier. And the company announced that over the quarter, more people joined the Prime subscription service than ever before – bringing total subscriptions to over 150 million – a sign that its investments in one-day shipping and other benefits how the original video content started to pay.
There were concerns about the ongoing costs of implementing the shipment in one day, but Dan Morgan, Synovus Trust Company’s senior portfolio portfolio, said Thursday’s results indicate that the company is “diligently managing” those expenses.