Embarrassment of riches? Jeff Bezos breaks personal wealth report AGAIN amid coronavirus distress

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Because of his firm’s inventory market efficiency, Amazon founder Jeff Bezos retains getting richer by the week. After including one other 10 billion to his fortune in seven days, his web value has hit a brand new excessive of $ 183 billion.

Amazon market cap skyrocketed to $ 1.54 trillion as markets closed on Wednesday after the tech and e-commerce big’s inventory rose practically three p.c to shut at a report $ three,081 per share. This secured Bezos’ main place within the world rankings of billionaires of each Bloomberg and Forbes, with the latter saying that he enjoys the very best web value it has recorded in practically 4 many years.

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Bezos is now value greater than the gross nationwide product of most international locations. In accordance with World Financial institution knowledge, the billionaire now’s richer than Kazakhstan, the richest of the 5 Central Asian states, with a inhabitants of over 18 million individuals. Bezos’ fortune can also be climbing near Qatar’s GDP, which stood at $ 183.5 billion final yr.

Information that Jeff Bezos has turn out to be richer than ever coincided with the hashtag #RIPJeffBezos circulating on social media on Wednesday. Although the multi-billionaire is alive and nicely, Twitter customers posted faux messages of condolence together with photos of cartoon characters, bald individuals, or celebrities with the hashtag.

E-commerce has been booming amid coronavirus lockdowns in most international locations throughout the globe. As individuals switched to on-line purchasing, Amazon gross sales elevated greater than 26 p.c to $ 75.5 billion within the first quarter, exceeding Wall Road’s expectations. Nonetheless, the net behemoth’s income fell over the identical interval, with the corporate warning that they might slide additional as a consequence of rising coronavirus-related bills.

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