Amazon’s stock is up nearly 18% after hours after the company reported a surprise profit for the second quarter.
The stock spike sent CEO Jeff Bezos’ personal net worth soaring by about $US7 billion.
Bezos owns 83,921,121 Amazon shares, according to CNBC.
His net worth is now estimated at $US50 billion.
Amazon reported a net income of $US92 million, or 19 cents a share. Analysts were expecting the ecommerce giant to post a loss of 14 cents a share. At this time last year, Amazon lost 27 cents per share.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.