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
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