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>.

AddThis Website Tools
IANS

Recent Posts

Taiwan bolsters combat readiness, prepares for ‘war of endurance’ against China threat

Taiwan's military is prioritising combat readiness as a key aspect of deterrence due to escalating…

1 day ago

“When every state is Viksit, India will be Viksit”: PM Modi at NITI Aayog Governing Council meeting

Calling for an increase in the speed of development, Prime Minister Narendra Modi said on…

1 day ago

Scottish Parliament opposes Chinese interference in Dalai Lama’s reincarnation

The Scottish Government has reaffirmed its commitment to supporting religious freedom and human rights for…

2 days ago

Baloch American Congress President urges PM Modi to back Free Balochistan movement

Tara Chand Baloch, the President of the Baloch American Congress and a former Cabinet minister…

2 days ago

New study identifies blood molecules that could revolutionise teen depression diagnosis

In a groundbreaking study, researchers from McGill University have identified nine biological markers in the…

2 days ago

India rebuts Pakistan’s disinformation on Indus Water Treaty at UNSC

India, in a firm and unequivocal statement at the United Nations Security Council (UNSC), accused…

2 days ago