Jeff Bezos's Net Worth Jumps $5.7 Billion As Amazon Shares Rise On Plans To Shutter Stores

Until past week, six of the apical 10 billionaires mislaid wealthiness weeks into 2026, but the Amazon laminitis gained $300 million.

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Bezos stands arsenic the world's third-richest person, conscionable down Google (NASDAQ:GOOG) (NASDAQ:GOOGL) co-founder Larry Page. The apical rubric is inactive retained by Tesla (NASDAQ:TSLA) CEO Elon Musk with a nett worthy of $677 billion.

Amazon's shares roseate aft it announced the closure of its Amazon Go and Amazon Fresh stores. The institution volition displacement absorption to its online same-day transportation work and plans to unfastened much than 100 caller Whole Foods locations successful the coming years.

The institution is not lone expanding its fulfillment and transportation initiatives but besides accelerating plans to open more carnal stores to compete with Walmart (NYSE:WMT), Target (NYSE:TGT), and Costco (NASDAQ:COST).

Amazon is already expanding its market transportation footprint, putting unit connected competitors like Instacart.

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This nonfiction Jeff Bezos's Net Worth Jumps $5.7 Billion As Amazon Shares Rise On Plans To Shutter Stores primitively appeared connected Benzinga.com