International media reports today highlighted a significant surge in the net worth of global e-commerce tycoon Jeff Bezos, as Amazon stocks soared to a new all-time high on Thursday.

The share price of Amazon experienced a remarkable surge to $190 per share, bringing the company tantalizingly close to reaching a market value of $2 trillion for the first time since it dipped to $900 billion in 2022.

This surge marks a substantial 26 percent increase in Amazon shares solely within this year, surpassing gains in all three major US stock indexes. The pivotal role of artificial intelligence (AI) in Amazon’s operations has significantly influenced investor sentiment towards the company. Notably, Amazon’s AI-intensive AWS segment has been a driving force behind much of the online retail giant’s growth.

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Following Bezos’s retirement as CEO, Amazon’s stock experienced a notable decline of up to 60 percent between mid-2021 and the end of 2022.

Presently, Bezos holds the position of the world’s second-richest individual and the wealthiest American, having amassed a staggering $90 billion in wealth since April 2023.


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