*futune yesterday adds $13b in a singer day
Amazon founder Jeff Bezos is the most richest man in the world with the net of about $189bn according to Bloomberg Billionaire Index.
He is leading the list of the world’s top 10 billionaires as his net worth increased with $74bn this year.
Bezos personal fortune on Monday jump with $13b (ten point two billion euro ) beileving to be the largest individual wealth jump of all time.
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The Amazon founder saw an increase in his wealth during the lockdown due to covid-19 pandemic.
His personal fortune now eclipses the market valuations of Exxon, Nike and McDonald’s.
Amazon shares Monday gained eight per cent as a result of upbeat data about online shopping trends, doubled with the potential for fresh or extended lockdowns across the world.
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This means that Amazon’s shares have now grown 73 per cent this year, but Bezos has warned it is not immune to the effects of coronavirus.
In May, the Amazon chief warned that the retailer might not secure a profit in the second quarter of this year, as the e-commerce gaint spent billions ramping up warehouse capacity to meet demand and providing personal protective equipment to staff..
The company also offered a one-time Thank You bonus totalling over $500m (£394.2m) for its front-line employees and partners throughout June, which boils down to a payout of between $150 and $3,000 for each front-line worker.
Bezos is the Amazon’s main shareholder, and owns around 11 per cent of the company’s stock, acting as the main propeller for his personal fortune. The company’s valuation now sits at about $1.59trn, making it the most valuable retailer in the world.
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Amazon now makes up 39 per cent of all e-commerce real sales in the US, and five per cent of all retail sales altogether.
Bloomberg Billionaires Index Top 10
Billionaire Personal wealth Year to date wealth change
1. Jeff Bezos $189bn +$74.4bn
2. Bill Gates $118bn +$4.83bn
3. Bernard Arnault $94.7bn -$10.6bn
4. Mark Zuckerberg $93.1bn +$14.8bn
5. Steve Ballmer $76.1bn +$18.0bn
6. Elon R Musk $74.5bn +$46.9bn
7. Larry Page $73.8bn +$9.1bn
8. Mukesh Ambani $72.1bn +$13.5bn
9. Warren Buffett $72.1bn -$17.2bn
10. Sergey Brin $71.5bn +$8.77bn
Table based on Bloomberg data
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The Amazon founder ex-wife Mackenzie Bezos yesterday, gained $4.6bn and she is now the 13th-richest person in the world.
She became the fourth richest woman in the world after her former husband handed her a four percent share in Amazon that wiped $38bn off his personal fortune.
Tesla founder Elon Musk also added $74bn to his personal wealth yesterday, meaning he is now the fifth-richest person on the planet, according to the Bloomberg Billionaires Index.
Other tech giants also calcified their position on the list of the world’s richest people, with Microsoft founder Bill Gates coming in at second with $118bn. Facebook founder Mark Zuckerberg followed in fourth place with $93.1bn to his name, after adding $15bn to his fortune over the year.
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Zoom founder Eric Yuan saw his wealth increase tenfold over the year to $13bn, after the demand for the video conferencing app shot through the roof during the pandemic.
Zoom broke social media platform Tiktok’s record for the most ever downloads on Apple’s app store last quarter after it was downloaded 94m times from April to June — 40 percent more than TikTok’s previous record of 67m downloads. The surge added $10bn over the year to Yuang’s personal wealth.
Jeffrey Preston Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor. He is best known as the founder, CEO, and president of the multinational technology company Amazon
Source: CITY A.M