Shares of the Seattle-based retailer jumped 4% to a record $ 2,879 on Wednesday, bringing the founder’s fortune to $ 172 billion. This exceeds its previous high of $ 168 billion, established on September 4, 2018, according to the Bloomberg Billionaires index.
Its gains – $ 57 billion this year alone – underscore a widening wealth gap in the United States during the worst economic downturn since the Great Depression. Initial public offerings and vibrant stock markets have supported mega fortunes, even though tens of millions of people have lost their jobs. The company declined to comment on the wealth of its founder.
Amazon is tearing itself apart, the pandemic accelerating the transition of consumers to retail e-commerce. Bezos holds 11% of the stock, which constitutes the bulk of its fortune.
Most of those with the largest wealth gains also come from the technology sector. They include Tesla CEO Elon Musk and Zoom Video Communications founder Eric Yuan.
Mackenzie Bezos, who acquired a 4% stake in Amazon after the couple split, has a net worth of $ 57 billion and climbed to 12th in the Bloomberg ranking. She recently passed Alice Walton and Julia Flesher Koch to become the second richest woman in the world, and only follows L’Oréal’s heir, Françoise Bettencourt Meyers.