Forbes reported that Jeff Bezos was worth $204.6 billion as of 1:50 pm ET on Wednesday, August 26, when Amazon stock gained 2%. The 56-year-old who is already the richest person in the world, saw his net worth increase to $204.6 billion from $74 billion during the span of 2020.
- Jeff Bezos founded e-commerce colossus Amazon in 1994 out of his garage in Seattle. He runs it as CEO and owns an 11.1% stake.
- Between March and April 2020, amid the pandemic, Amazon said it hired 175,000 additional workers.
In April 2020, Bezos said he would give $100 million to Feed America, a nonprofit that operates food banks and food pantries across the country.
- Amazon has faced criticism from U.S. senators and the general public for its treatment of warehouse workers during the coronavirus pandemic.
- He divorced his wife MacKenzie in 2019 after 25 years of marriage and transferred a quarter of his Amazon stake to her.
In 2019, Amazon notched $280.5 billion in revenues and a record $11.5 billion in net profit.
Bezos owns The Washington Post and Blue Origin, an aerospace company that is developing rockets for commercial use.
Amazon CEO, Jeff Bezos becomes the World?s first person to have a net worth of $200 billion
According to Forbes’ calculations, Amazon founder’s fortune is the largest ever amassed even when taking inflation into account.
The report said Amazon’s stock price has been skyrocketing over the last few months, as millions of people have been forced to stay inside and order more products online due to the COVID-19 pandemic.
The company’s share price has surged more than 100% since March 16, when it was trading for less than $1,700 per share.
Amazon is worth $1.72 trillion, making it the second most valuable company behind Apple, which is worth $2.16 trillion.
Jeff Bezos biography
CEO of Amazon
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 multi-national technology company Amazon. Wikipedia
Born: January 12, 1964 (age 56 years), Albuquerque, New Mexico, United States
Height: 1.71 m
Net worth: 196 billion USD (2020)
Spouse: MacKenzie Scott (m. 1993–2019)
Education: Princeton University (1982–1986), River Oaks Elementary School, Miami Palmetto Senior High School