US Tech Billionaires Enjoy Best Day on Record After Brutal 2022

Jeff Bezos is biggest winner, adding $10.5 billion to his fortune from Thursday’s stock market rally.

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By Amanda Albright

November 10, 2022 at 11:05 PM UTC

This article is for subscribers only.

US tech billionaires just had their best day ever, adding $59 billion to their fortunes following Thursday’s stock market rally.

Jeff Bezos was the biggest winner among those on the Bloomberg Billionaires Index, bumping his net worth by $10.5 billion after news that his successor at Amazon.com Inc., Andy Jassy, is looking for ways to cut costs. That sent Amazon shares up 12%, the most since February.