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Jeff Bezos broke records

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Jeff Bezos is worth more than $200 billion

The rich got richer. This seems to be the case of Amazon founder and CEO, Jeff Bezos. As of yesterday, he became the world's wealthiest person, his net worth topping $202 billion.

Bezos’ wealth, made up mostly of #Amazon stocks, skyrocketed in the past couple of years along with the company's stock price. He outdid himself two years in a row when in 2017 and 2018 became the world's wealthiest person, crossing the $90 billion and $150 billion thresholds. 

This year's record was driven by a surge in share price supported by unprecedented consumer demand, which turned to online shopping due to the pandemic. Since then, the stock had continued to rise – the increase added hundreds of billions to Amazon’s market value. Year-to-date, investors gained more than 86%. As of Wednesday, the company has a market cap of $1.7 trillion.  

According to specialists, he could have reached the $200 billion milestone much sooner if it wasn’t for his divorce from MacKenzie Scott. After the divorce, she became one of the wealthiest women as she received a 4% stake in Amazon. As of yesterday, her net worth is $66 billion. 

Since the beginning of the year, Amazon #stock price has gained more than 80%. Yesterday, it closed higher by almost 3%.

See how Amazon performed in Q2 here!

Sources: forbes.com, cnbc.com, finance.yahoo.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.