Jeff Bezos' fortune has exceeded its previous high, even after he gave up a quarter of his stake in Amazon.com Inc. last year under a divorce settlement.
The Seattle-based retailer's shares rose 4.4% on Wednesday to a record high of $ 2,878.70, bringing the founder's world's leading wealth to $ 171.6 billion. This surpasses its previous high of $ 167.7 billion, which was set on September 4, 2018 according to the Bloomberg Billionaires Index.
His earnings – $ 56.7 billion this year alone – underscore a growing wealth gap in the US during the worst economic downturn since the Great Depression. IPOs and lively stock markets have strengthened the mega-fortune, although tens of millions of people have lost their jobs. This week after Amazon received complaints about the end of pandemic hazard payment, Amazon said it would spend about $ 500 million to give one-off $ 500 bonuses to most frontline workers.
The company declined to comment on the assets of its founder.
Amazon was at risk, and the pandemic accelerated the shift of consumers to electronic commerce from brick-and-mortar retail. Bezos owns 11% of the shares that make up the majority of its assets.
Most of those with the largest asset growth also come from the technology sector. These include Elon Musk, Chief Executive Officer of Tesla Inc., who has increased his fortune by $ 25.8 billion since January 1, and Eric Yuan, founder of Zoom Video Communications Inc., whose fortune is 13, Has almost quadrupled $ 1 billion.
Mackenzie Bezos, who acquired a 4% stake in Amazon after the couple separated, has net assets of $ 56.9 billion and rose to 12th place in Bloomberg's ranking. She recently skipped Alice Walton and Julia Flesher Koch to become the second richest woman in the world, and is now only pursuing L & O's heiress, Francoise Bettencourt Meyers.
Not every billionaire is ahead this year. Spaniard Amancio Ortega, the titan behind the fast fashion brand Zara, lost $ 19.2 billion, most in the Bloomberg index. Warren Buffett, chairman of Berkshire Hathaway Inc., has lost $ 19 billion, and French luxury goods tycoon Bernard Arnault has dropped $ 17.6 billion.
But most have weathered the downturn. The collective net worth of the world's 500 richest people is now $ 5.93 trillion, compared to $ 5.91 trillion at the beginning of the year.
(Except for the headline, this story was not edited by NDTV staff and published from a syndicated feed.)