Jeff Bezos’ company, Amazon has been doing particularly well in recent months as Amazon’s stock surge in value with new heights following a 4.4 percent increasement to a record $2,878 value per share, boosting his fortune.
The demand for online shopping has increase due to the Coronavirus pandemic. As a result, the company’s share prices has increased.
The 56-year-old Bezos, the founder and CEO of Amazon, is now worth $172 billion.. This means he is richer now than he was prior to settling the most expensive divorce in history last year.
This year alone Bezos has seen his fortune increase by $56.7billion. Amazon hasn’t commented on the founder’s surge in wealth
According to the Bloomberg Billionaires Index,Bezos’ ex-wife MacKenzie took 25 percent of his shares, which meant at the time her stake was worth more than $35 billion, according to report.
Bezos remained the wealthiest person on the planet after the settlement and his wealth has continued to soar amid the coronavirus pandemic.
According to Comparisun, Bezos is on track to be the world’s first trillionaire by 2026.
The business software comparison site used data collected from the last five years of the Forbes Rich List to calculate the yearly wealth growth rate of the world’s richest billionaires.
Applying this annual growth rate over the coming years, the study concluded that Bezos could become the world’s first trillionaire in 2026 or sooner.
Bezos owns 11 percent of Amazon stock, which comprises a bulk of his fortune.
Other tech CEOs have seen their wealth boom even amid the pandemic that has led millions to file for unemployment. In the week ending June 20 1.48million people filed for unemployment, down 1.54million from the week before.
Tesla’s CEO Elon Musk added $25.8billion to his fortune since January 1.
The collective net worth of the world’s 500 richest people now stands at $5.93 trillion, compared with $5.91 trillion at the beginning of the year, according to Bloomberg.