Jeff Bezos broke records

Jeff Bezos broke records

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


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