Jeff Bezos broke records

By: Miguel A. Rodriguez

09:45, 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!


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.