Amazon'S Market Capitalization Exceeded $500 Billion

Market capitalization exceeded $500 billion, and the world's richest man has changed hands.

On the eve of Amazon's earnings report, the company's founder, CEO Bezos, surpassed Bill Gate as the richest man in the Bloomberg list.

Amazon's earnings report will be released on Thursday.

Amazon's stock price surged 1.3% to 1066 dollars in early trading on Thursday, and Amazon's market value broke through 500 billion US dollars for the first time the day before, which has increased the value of Bezos by 800 million to 90 billion 900 million dollars, more than Bill Gates's 90 billion 700 million dollars.

If Amazon shares remain closed, it will mean that the 53 year old Bezos will officially become the first Bill Gates to go beyond the age of 61.

Since 2013, no one has been able to shake the top of Bill Gates's list of richest men.

In the past 30 years, Forbes has only 6 people on the list of "richest men", and Bezos will be seventh.

When Amazon was just listed 20 years ago, Bezos was worth only $1 billion 600 million.

In 2007, he was worth $4 billion 400 million, and by 2012, the price of Bezos rose to $18 billion 400 million, ranking twenty-sixth in the list of rich people.

Most of his wealth has been accumulated in recent years. In the past 5 years, the wealth of Bezos has increased by US $70 billion. In the past two years, his wealth has increased by US $45 billion.

Bezos once said, "I have chosen a less secure way to pursue my dream, but I am proud of my choice."

But he was very low-key about wealth. When he owned the Washington Post and the origin of blue, he still drove Honda accord for 96 years.

When someone asked him how wealth changed his life, he said, "nothing has changed for me, only 50 million dollars more in the bank account, which is amazing."

Bezos is also one of the largest land owners in the United States.

He owns the most expensive real estate in Washington, and has a mansion in Beverly hill, California, with a total land area of 300 thousand acres.

Bezos won the richest title also highlights the glory of American technology stocks in recent years.

In addition to Amazon, the "500 billion dollar club" also includes four other American Technology Corp: apple, Google and Microsoft.

Facebook's market value also broke through $500 billion in early trading on Thursday.

Microsoft's market value broke through the $500 billion mark in January this year for the second time.

Wall Street

Observers generally believe that Amazon may become the first company to have a market value of $1 trillion.

The reason is that Amazon has not only overturned traditional industries such as retail computing, computing and storage, but also has made rapid progress and achieved remarkable achievements with its talented vision.

Investors and analysts will pay close attention to Amazon's earnings report.

The performance of categories such as groceries and the growth of Amazon Prime subscribers.

Wedbush Securities analysts of the securities firm have raised the target price of Amazon to $1250, because the proportion of Prime subscribers shopping in physical stores has decreased by 10% on average, which will accelerate the addition of Amazon stocks.

Just before the announcement of the earnings report, Amazon increased its investment in the Southeast Asian market with a population size of more than 600 million, announced that it would launch a two hour delivery service in Singapore and will operate a sorting center larger than the football pitch.

Amazon's cloud business is also attracting investors' attention.

Cloud business has become the fastest growing and highest profit business of Amazon, accounting for 10% of total revenue.

Amazon also has invested heavily in cloud business, competing with Google and Microsoft.

At the same time, Amazon also promoted the local employment in the United States.

The company said Wednesday that it will add 50 thousand jobs.

According to the world clothing and shoe net, Amazon has set up a secret medical care team. They are developing electronic medical records and telemedicine technology, and named it 1492. They will focus on hardware and software projects, and focus on extracting data from the traditional electronic medical record system. After that, they will be provided to patients and patients.

1492 also hopes to integrate health applications into Amazon's Echo, DashWand and Alexa voice technology.

Amazon's earnings are expected to reach $37 billion 200 million this quarter, up 22% from the same period last year, and earnings per share grew by 1.42 dollars.

Bezos owns 17% of Amazon.

Amazon's share price has risen 40% this year, which means Bezos's value has increased by $24 billion 500 million this year.

At the beginning of this year, Bezos ranked fourth in the world's richest list, and surpassed Buffett and Zara founder Amancio Ortega (Amancio Ortega).

The latter is valued at $82 billion 700 million and ranks third in the rich list.

At the same time, after the Facebook announced its earnings, its stock price rose more than 4% on Thursday, which raised Zuckerberg's value to fifth in the world, and the gap with the fourth ranking Berkshire Hathaway as chairman Buffett narrowed to 200 million dollars.

Buffett is worth 74 billion 500 million dollars.

Facebook reported its earnings in the second quarter of to $9 billion 300 million, an increase of 45% from the US $6 billion 400 million in the same period last year and a net profit of 3 billion 900 million US dollars, an increase of more than 70% over the same period last year's net profit of 2 billion 300 million US dollars.

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