Jeff Bezos is worth more than $200 billion
The rich got richer. This seems to be the case of Amazon founder and CEO, Jeff Bezos. As of yesterday, he became the world's wealthiest person, his net worth topping $202 billion.
#Bezos’ wealth, made up mostly of #Amazon stocks, skyrocketed in the past couple of years along with the company's stock price. He outdid himself two years in a row when in 2017 and 2018 became the world's wealthiest person, crossing the $90 billion and $150 billion thresholds.
This year's record was driven by a surge in share price supported by unprecedented consumer demand, which turned to online shopping due to the pandemic. Since then, the stock had continued to rise – the increase added hundreds of billions to Amazon’s market value. Year-to-date, investors gained more than 86%. As of Wednesday, the company has a market cap of $1.7 trillion.
According to specialists, he could have reached the $200 billion milestone much sooner if it wasn’t for his divorce from MacKenzie Scott. After the divorce, she became one of the wealthiest women as she received a 4% stake in Amazon. As of yesterday, her net worth is $66 billion.
Since the beginning of the year, Amazon #stock price has gained more than 80%. Yesterday, it closed higher by almost 3%.
Sources: forbes.com, cnbc.com, finance.yahoo.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.