Connect with us

Hi, what are you looking for?

News

Jeff Bezos’ net worth Soars Over $200 billion mark

  • became the richest man in modern history in 2018 when his personal fortune hit $150 billion.

on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at number two.

The Amazon founder’s personal wealth, which is mostly in Amazon stock, has skyrocketed in recent years along with the company’s share price. Bezos became the world’s richest man in recent history in 2018 when his personal wealth climbed above $150 billion. He first became the richest man in the world in 2017.

Amazon shares hit record highs in April on the back of unprecedented demand from consumers, and the stock has continued to rise, adding hundreds of billions to its market value and giving investors a gain of more than 86% this year so far. As of Wednesday, the company is worth more than $1.7 trillion, making it the second-most valuable company in the U.S., trailing only Apple.

The coronavirus pandemic has helped fuel that growth, as consumers turned to online retailers for necessities like face masks and hand sanitizer, as well as ordering groceries. This surge in demand was behind Amazon’s blowout second-quarter results, when revenue topped $88.9 billion and it reported better-than-expected profits despite spending billions of dollars on coronavirus-related investments.

’ net worth would have earlier hit the milestone if not for his divorce last year from MacKenzie Scott (who recently changed her last name). Scott, who is now ranked 13th on the Billionaires Index, became one of the world’s wealthiest women following her divorce when she received a 4% stake in Amazon, which gave her a $37 billion fortune. Her personal wealth now stands at more than $66 billion as of Wednesday.

Source: JEFF BEZOS

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Music

Nigerian fast rising gospel artiste, Chinyere Euphemia decided to Release a Prophetic song title “Congratulations”, to kick start 2021.No matter how 2020 was, one...

TRANSFER MARKET

Mesut Ozil ‘has taken an enormous £282,000-a-week pay cut’ in order to sign for Fenerbahce after his move from Arsenal finally went through. According to Spanish newspaper...

Music

Mega C is a song writer and fast rising musician from NigeriaThe african rising star has delivered several melodious tunes that left his fans...

News

Swaggha is a Ghanaian Russian based singer-songwriter who was born in 1990 with the real name Daniel Nuako, the name SWAGGHA simply stands for...

Music

Sia kicks off 2021 with this impressive pop single titled “Hey Boy” which features Burna Boy. International recording artiste, SIA teams up with African Giant Burna Boy to...

Mixtape

A new Afrobeat mixtape titled “This Is Afrobeats” (2021) Hosted by DJ Enimoney. YBNL official disc jockey DJ Enimoney kick starts 2021 with “This Is Afrobeats” mixtape. The...

TRANSFER MARKET

David Alaba has reached an agreement to join Real Madrid on a free transfer in the summer, bringing to an end an 13-year spell...

News

DOWNLOAD SkiiBii – “Are You Vhere” ; SkiiBii kicks off 2021 with this cool tune – “Are You Vhere”? Nigerian singer, Skiibii drops a...

Copyright © 2021 E9JA. Theme by Abiola Stephen, powered by WordPress.