Monday, October 12, 2020

Amazon Prime Day is cash haul for Bezos backed e-commerce giant

Amazon Prime Day 2020 finally arrives Tuesday with one analyst predicting a cash haul of nearly $10 billion for Jeff Bezo's e-commerce mega-company.

FOXBUSINESS

That may make Bezos, already the world's richest man with a net worth of $200 billion even richer. He remains the company's largest individual shareholder.

Amazon put off Prime Day until Oct. 13 due to the coronavirus pandemic. The event runs through Wednesday the next day.

In its first forecast on Amazon Prime Day, eMarketer expects worldwide sales to jump 43% to reach $9.91 billion.

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