Home News Jeff Bezos is now richer than even before

Jeff Bezos is now richer than even before

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By Berber Jin along with Jack WitzigJeff Bezos’s net value has crushed through its prior peak, even after he relinquished a quarter of his own bet in Amazon.com Inc. as a part of a divorce settlement last year.Shares of the Seattle-based retailer jumped 4.4percent to a record $2,878.70 Wednesday, fostering the creator ’s world-leading fortune to $171.6 billion. This tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.His profits – $56.7 billion this year alone – emphasize a widening wealth gap in the U.S. during the worst economic recession since the Great Depression. Equity markets and First public offerings have reinforced mega-fortunes, even as tens of millions of individuals have lost their projects. This week, after receiving complaints about ending pandemic hazard cover, Amazon said it would spend about $500 million to offer one-time $500 bonuses to most front-line workers.The company declined to comment on its creator ’s wealth.Amazon was on a tear, even with the pandemic accelerating the customer shift to e-commerce from brick-and-mortar retail. Bezos owns 11. 67483003Most of those with the wealth gains also hail from the industry. They include Tesla Inc.. Chief Executive Officer Elon Musk, who added $25.8 billion to his own fortune since Jan. 1, along with Zoom Video Communications Inc. creator Eric Yuan, whose wealth has almost quadrupled to 13.1 billion.Mackenzie Bezos, who also acquired a 4% stake in Amazon after the couple split, includes a net value of $56.9 billion and increased to No. 12 in Bloomberg’s ranking. She leapfrogged Alice Walton and Julia Flesher Koch to become the planet ’s second-wealthiest woman, and currently trails just L’Oreal heiress Francoise Bettencourt Meyers.Not every billionaire has come out ahead this year. Spain’s Amancio Ortega, the titan supporting the Zara fast-fashion manufacturer, has lost $19.2 billion, the most of anybody about the Bloomberg index. Berkshire Hathaway Inc.. Chairman Warren Buffett has dropped $19 billion and French luxury-goods tycoon Bernard Arnault is 17.6 billion.But most have weathered the recession. The collective net worth of the world’s 500 wealthiest people currently stands at $5.93 trillion, compared to $5.91 trillion at the beginning of the year.72490445

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