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Jeff Bezos’ Net Worth Just Crossed the $200 Billion Mark

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Key Points

  • Amazon CEO Jeff Bezos saw his net worth rise above $202 billion on Wednesday, making him the first person to cross the $200 billion mark.
  • The personal wealth of the Amazon founder, which is mostly in Amazon stock, has skyrocketed in recent years along with the share price of the company.
  • Amazon’s shares reached record highs in April on the back of unprecedented customer demand, and the stock has continued to grow, adding hundreds of billions to its market value and giving investors so far this year a gain of over 86 percent.
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According to the Bloomberg Billionaires Index, Amazon CEO Jeff Bezos saw his net worth rise above $202 billion on Wednesday, making him the first person to cross the $200 billion mark. He is currently $78 billion wealthier than Bill Gates, co-founder of Microsoft, who remains at number two.

The personal wealth of the Amazon founder, which is mostly in Amazon stock, has skyrocketed in recent years along with the share price of the company. In 2018, Bezos became the richest man in the world in recent history, as his wealth soared over $150 billion. In 2017 he became the world’s richest man for the first time.

Amazon’s shares reached record highs in April on the back of unprecedented customer demand, and the stock has continued to grow, adding hundreds of billions to its market value and giving investors so far this year a gain of over 86 percent. The company is worth more than $1.7 trillion as of Wednesday, making it the second-most valuable company in the United States, behind only Apple.

The coronavirus pandemic has helped fuel that growth, as consumers turned to online retailers for necessities such as face masks and hand sanitizers, as well as ordering groceries. This rise in demand was behind Amazon’s second-quarter blowout performance as sales peaked at $88.9 billion and posted better-than-expected profits despite spending billions of dollars on investments related to coronavirus.

Bezos’ net worth possibly would have crossed the $200 billion mark earlier if not for his divorce from MacKenzie Scott last year. Scott, currently ranked 13th on the Billionaires Index, became one of the richest women in the world after her divorce when she received a 4 percent stake in Amazon, which gave her a fortune of $37 billion. As of Wednesday her wealth now stands at over $66 billion.

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