Jeff Bezos breaks new record as his net worth tops $200 billion

The world’s wealthiest man has crossed a new milestone.

Amazon CEO and founder Jeff Bezos became the first person to top $200 billion in net worth on Wednesday, according to Forbes’ real-time data on billionaires.

Bezos, 56, owns 11% of Amazon’s stock, which has skyrocketed amid the coronavirus pandemic as people sheltered at home and demand for e-commerce soared. In April 2020, his net worth was a mere $113 billion, according to Forbes.

Amazon stock was up over 95 points (2.85%) on Wednesday.

Bezos’ astronomical wealth gains come even as the COVID-19 pandemic has walloped the U.S. economy, and highlights the diverging experiences in this pandemic between the haves and the have-nots as the crisis exacerbates income inequality.

The second-wealthiest person, Bill Gates, still lags billions of dollars behind Bezos. Gates was worth $116.2 billion as of Wednesday, according to Forbes.


Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist