Jeff Bezos’ fortune exceeded $ 200 billion
The fortune of Jeff Bezos, the founder of Amazon, exceeded $ 200 billion with the appreciation of company shares.
Amazon CEO Jeff Bezos saw his net worth rise to over $ 202 billion on Wednesday, making him the first person to cross the $ 200 billion mark, according to the Bloomberg Billionaires Index. Bezos is now $ 78 billion richer than Microsoft co-founder Bill Gates.
The personal fortune of Bezos, the founder of Amazon, mostly in the form of Amazon stocks, has soared as the company’s shares have skyrocketed in recent years. Bezos became the richest man in world history in 2018 when his personal fortune exceeded $ 150 billion.
Amazon shares added billions of dollars to market value in April, with unprecedented demand from consumers, and earned investors more than 86%. As of Wednesday, the company’s value had reached $ 1.7 trillion and became the second most valuable company in the US, after Apple.
The fact that consumers turned to online shopping for various products due to the coronavirus epidemic was effective in this growth experienced by the company. With this boom in demand, the company’s second-quarter revenue reached $ 88.9 billion, higher than expected.