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JEFF BEZOS BECOMES FIRST PERSON EVER TO HIT THE $2OO BILLION MILESTONE

Jeff Bezos, founder and CEO of Amazon, has become the first person ever to be worth more than $200 billion, according to Bloomberg Billionaires Index.


Recall that last month, Bezos had the world talking when it was announced that the Amazon founder had added $13 billion to his fortune in a single day, which made him had a net worth of $189 billion.


With this development, Microsoft Chief, Bill Gates, now lags behind with a net worth of $116.1 billion in the second position.


Bezos surpassed Gates to become the world’s richest man in recent history in 2018 when his personal wealth climbed above $150 billion. He first became the richest man in the world in 2017.


The personal wealth of the Amazon founder which is mostly in Amazon stock has been astronomical in recent years along with the company’s share price.


According to Forbes, Amazon’s stock surged by 2% and his net worth scaling up by $4.9 billion.


Amazon shares shot for the skies and reached its highest peak ever in April. This is owing to the increase in demand from consumers as the stock continued to rise, making an addition of hundreds of billions to its market value and giving investors a gain of more than 86% this year so far.


It is pertinent to note that Bezos’ wealth boomed amid the Coronavirus Pandemic which had collapsed economies and institutions.


Financial experts in the US analyzed that Bezos’ fortune would have hit the $200 billion milestone earlier in the year if not for his divorce last year from his ex-wife, MacKenzie Scott.


Mackenzie, who is now ranked 13th on the Billionaires Index, became one of the world’s wealthiest women following her divorce from the Amazon founder when she received a 4% stake in Amazon, which gave her a $37 billion fortune. 


Her personal wealth now stands at more than $66 billion as of Wednesday, August 26th, 2020.


Jeffrey Preston Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor.

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