Jeff Bezos Amazon’s stocks continued to soar also as the United States ended up being the worst-affected country as a result of the novel coronavirus outbreak.
On August 26, Amazon’s share price climbed up 2.3 percent to $3,423 per share, helping Bezos go into the $200 billion net worth territory in the process.
Bezos‘ net worth is greater than Nike, McDonald’s and Pepsi, all three companies are valued between $139 billion and $191 billion, The Wrap’s report said.
Amazon’s CEO as well as also the world’s richest man ranks $204.6 billion as of August 27. He is $90 billion richer than Bill Gates, that is the planet’s second-richest person, currently worth $116.1 billion, based on a Forbes record.
Amazon stock has certainly rallied nearly 80 percent from the beginning of 2020, adding that Bezos’ about 11 percent stake in Amazon makes up greater than 90 percent of his fortune.
The founder of Amazon also has major American newspaper Washington Post, aerospace company, Blue Origin as well as has a host of other private investments.
Bezos had sold shares worth $3.1 billion in the e-commerce company previously in August. In the course of the first 2 working days of August, Bezos sold 1 million shares as part of a formerly announced trading plan, according to the filings.
It is worth keeping in mind that Bezos would certainly have hit the $200 billion mark earlier had he not gone through the world’s most significant divorce resolution in 2019.