Amazon’s Jeff Bezos becomes first person ever worth over $200 bn

Jeff Bezos

Amazon founder and CEO Jeff Bezos has become the first person ever whose net worth soared over $200 billion, according to Forbes and Bloomberg Billionaires Index.

The net worth of the world’s richest person went up by $4.9 billion after Amazon stock edged up 2 per cent as of Wednesday afternoon, Forbes reported.

Bezos also owns aerospace company Blue Origin, the Washington Post and other private investments.

However, his nearly 11 per cent stake in Amazon makes up over 90 per cent of his massive fortune.

The e-commerce giant saw a huge spike in demand for its services amid the coronavirus (Covid-19) pandemic.

Since the beginning of 2020, Amazon stock is up nearly 80 per cent, said the Forbes report, adding that Bezos’ net worth on January 1 was roughly $115 billion.

While Forbes said that Bezos’ worth stood at $204.6 billion at 1.50 pm EDT on Wednesday, the Bloomberg Billionaires Index currently puts his net worth at $202 billion.

The person, who is closest to Bezos now is Microsoft co-founder Bill Gates, who is currently worth $116.1 billion, according to Forbes, while the Bloomberg Billionaires Index put his net worth at $124 billion. – Business Standard