Amazon’s Jeff Bezos: Now richer than 3 of the 4 Wal-Mart heirs

April 27, 2015, 8:00 PM UTC
Amazon Unveils Its First Smartphone
SEATTLE, WA - JUNE 18: founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington. The much-anticipated device is available for pre-order today and is available exclusively with AT&T service. (Photo by David Ryder/Getty Images)
Photograph by David Ryder — Getty Images

Amazon’s CEO Jeff Bezos is now worth $40 billion, according to Bloomberg News. That means he’s the tenth richest person in the world and has more money than three of the four Walton children, who are heirs to the Wal-Mart (WMT) fortune.

Bezos’ sudden jump in net worth came after Amazon (AMZN) reported earnings last week showing that sales had jumped 15% year-over-year.

The only Walton who is on par with Bezos is Christy Walton, the richest woman in America.

Amazon said its first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments.

In addition to reporting earnings last week, the e-commerce company broke out financial details of its secretive cloud computing unit, Amazon Web Services, for the first time, saying revenue jumped almost 50% to $1.57 billion, or about 7% of total revenue. The unit’s operating income grew 8% to $265 million.
[fortune-brightcove videoid=4124026698001]

—Reuters contributed to this report.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

Read More

Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward