Amazon’s Jeff Bezos sees his net worth increase by $ 13 billion in one day

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Amazon CEO Jeff Bezos added a record $ 13 billion to his fortune on Monday amid a coronavirus-fueled boom for his e-commerce empire.Amazon’s 7.9% Share Price Hike Help World’s Richest Man Record Biggest One-Day Increase in Any Individual’s Net Worth in Index History billionaires from Bloomberg, which tracks the fortunes of the richest people on the planet.

Bezos, 56, is now worth $ 189.3 billion – making him more valuable than big companies like McDonald’s, Exxon Mobile and Nike, according to Bloomberg.

The tech mogul has added $ 74.4 billion to his wealth so far this year amid a 73% rise in Amazon’s stock price. The conglomerate has benefited from increased demand for online shopping as lockdowns intended to control the COVID-19 pandemic have shut consumers down from their homes.

Amazon stocks are said to have posted their best daily gain since December 2018 on Monday ahead of the company’s second quarter earnings report on Thursday. Analysts expect revenues for the Seattle-based company to jump 27% to $ 80.7 billion, although profits are likely to have fallen from a year ago amid rising prices. costs, according to Bloomberg.

Bezos’ 11% stake in Amazon accounts for over 90% of his net worth, while the remainder includes his space exploration company Blue Origin, the Washington Post newspaper and $ 4.5 billion in cash and other assets, Bloomberg said.

Other tech titans have also seen their fortunes explode even as the pandemic sparked the worst economic downturn since the Great Depression. Facebook CEO Mark Zuckerberg added $ 14.8 billion to his wealth this year, while Tesla boss Elon Musk’s net worth grew by $ 46.9 billion, including a jump of $ 5.7 billion Monday, according to Bloomberg’s ranking.

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