Sign in
Download Opera News App

Business Industrial





How the Richest Man and CEO of Amazon Made 13 billion dollars in a day

Jeffrey Preston Bezos is an American Internet entrepreneur, industrialist, media proprietor and investor. He is best known as the founder, CEO, and president of multi-national technology and company Amazon.

Jeff Bezos is the first centi-billionaire on the Forbes Wealth Index, he has been the world's richest person since 2017 and was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018.

The U.S is hanging on the precipice of economic collapse, with around 25 million Americans slated to be kicked off extended corona virus pandemic uninsurance later this week and the White House mulling tax cost as a replacement. However, World's richest man and ghoulish Amazon CEO Jeff Bezos is doing great.

According to a Bloomberg estimate, Jeff Bezos saw his estimated net wealth surge by $13 billion to $189.3 billion on Monday. That's the greatest single day increase in the history of the news agency's eight-year-old Billionaires index. Much of that increase was simply the reversal of a sudden decline in tech company stock last week.

However, Amazon stock is up around 73 percent year to date, fueled by increased online shopping and demand for cloud services, that is, the pandemic, and Bezos' personal hoard has surged $74.4 billion since the start of 2020.

Content created and supplied by: Youngking25 (via Opera News )

Amazon Billionaires Bloomberg Forbes Wealth Index Jeff Bezos


Load app to read more comments