Monday, July 27, 2015

Amazon worth more than Walmart; Bezos makes $8 billion

Jeff Bezos woke up $8 billion richer Friday. The Amazon (Nasdaq: AMZN) founder's stake in his company was worth more than $49 billion Friday after Amazon posted a surprise profit and the share price soared. Amazon was up nearly 15 percent in morning trading, with stocks selling for about $553 a share. The company's market cap is now $258 billion. That means Amazon is worth more than Walmart (NYSE: WMT) for the first time. Walmart's market cap is $232 billion. Investors are particularly excited…
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