Categories: Economy

Jeff Bezos, 1st person ever to be worth over $200 billion

<p class="p1">Amazon Founder and CEO Jeff Bezos has become the first person ever whose net worth soared over $200 billion, according to Forbes and Bloomberg Billionaires Index.</p>
<p class="p1">The net worth of the world's richest person went up by $4.9 billion after Amazon stock edged up two per cent as of yesterday afternoon, Forbes reported.</p>
<p class="p1">Bezos also owns aerospace company Blue Origin, the Washington Post and other private investments.</p>
<p class="p1">However, his nearly 11 per cent stake in Amazon makes up over 90 per cent of his massive fortune.</p>
<p class="p1">The e-commerce giant saw a huge spike in demands for its services amid the Covid-19 pandemic.</p>
<p class="p1">Since the beginning of 2020, Amazon stock is up nearly 80 per cent, said the Forbes report, adding that Bezos' net worth on January 1 was roughly $115 billion.</p>
<p class="p1">While Forbes said that Bezos became worth $204.6 billion at 1.50 pm EDT on Wednesday, the Bloomberg Billionaires Index currently puts his net worth at $202 billion.</p>
<p class="p1">The person who is closest to Bezos now is Microsoft Co-Founder Bill Gates who is currently worth $116.1 billion, according to Forbes, while the Bloomberg Billionaires Index put his net worth at $124 billion.</p>.

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