Whereas thousands and thousands of People had been unemployed because of the coronavirus pandemic, Amazon founder and CEO Jeff Bezos recorded, in keeping with the Bloomberg Billionaires index. Bezos’ internet price elevated by $ 74 billion in 2020 to $ 189.three billion on Monday, when Amazon shares hit an all-time excessive.
Bezos’ ex-wife, Mackenzie Bezos, additionally earned $ 4.6 billion on Monday and is the 13th richest particular person on this planet right now. Within the meantime, round 25 million unemployed People are anticipated to be exempt from the $ 600 weekly unemployment profit that can expire in late July.
Based on Bloomberg, Bezos is now personally price greater than the market valuation of giants like Exxon Mobil Corp., Nike Inc. and McDonald’s Corp.
Bezos, 56, is the richest particular person on this planet. He has held this place since 2017 and was named the “richest man in trendy historical past” after his internet price elevated to $ 150 billion in July 2018. In September 2018, 2020, Forbes described him as “far richer than anybody else on the planet”. When Amazon grew to become the second firm in historical past to succeed in a market cap of $ 1 trillion, it elevated its belongings by $ 1.eight billion.
Bezos is not the one tech titan to benefit from the inventory surge. As we reported final week, Elon Musk’s wealth elevated by $ 6.1 billion. Elon Musk is now price over $ 75 billion and formally exceeds that of Warren Buffett. Musk’s blast is fueled by Tesla’s exploding inventory value. Tesla was price greater than $ 286.33 billion on the shut of the market final week.
Mark Zuckerberg, chief govt officer of Fb Inc., has to this point elevated his internet price by round $ 15 billion to this point this 12 months, regardless of the corporate coping with manufacturers that boycott advertisements on the social community.