A SURGE in Amazon purchases during the coronavirus pandemic has boosted the net worth of CEO Jeff Bezos by $13billion in one day, making the world’s richest man even richer.
On Monday, Bezos, 56, enjoyed the biggest single-day increase in net worth of anyone in history on Bloomberg’s Billionaires Index.
He is worth $189.3billion now, and more valuable than huge corporations including Nike, McDonald’s and Exxon Mobile, according to Bloomberg.
Bezos’s net worth jumped thanks to a 7.9 percent spike in Amazon’s stock price, which is its greatest increase since December 2018.
The Amazon CEO has added about $74billion to his fortune this year, even though the economy has tanked due to the Covid-19 shutdown.
From the beginning of 2020 to July 1, Bezos accrued $56.7 billion, according to Bloomberg, which breaks down to earning about $12 million per hour.
Bezos is on track to become the first trillionaire in the United States by 2026, Business Insider reported earlier this year.
His ex-wife Mackenzie Bezos, who received a quarter of the Amazon stake, also made gains on Monday — $4.6billion, making her the 13th richest person on earth, according to Bloomberg.
The Covid-19 quarantine has forced people around the world to stay home and spend their time and money on virtual entertainment.
The tech sector includes seven of the 10 wealthiest people on Earth and others besides Bezos have benefited.
Facebook CEO Mark Zuckerberg’s net worth grew by nearly $15billion in 2020, despite some brands pulling advertising due to his political decisions.
Meanwhile, Tesla co-founder Elon Musk is $47billion richer this year.
The rich getting richer is supported by an analysis released last week by the Americans for Tax Fairness and Institute for Policy Studies that revealed that the more than 600 billionaires in the US got $42billion wealthier on average every week from March 18 to July 16.
That totals $700billion in gains during the coronavirus pandemic, which is the worst economic downturn in the country since the Great Depression.
Jeff Bezos founded Amazon in 1994 from his garage in Seattle and now owns an 11 percent stake in the company.
Amazon hired 175,000 more workers from March to April in the midst of the pandemic, according to Forbes.
The company has faced criticism from the public and some lawmakers over how it has treated its warehouse workers during the pandemic.
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