In its largest ever single day jump, Jeff Bezos added $13 Billion to his net worth on 20th July 2020. Shares of Amazon.com Inc. surged by 7.9%, the biggest jump since December 2018, amid rising optimism about web shopping trends globally.
Bezos, the richest man in the world, has a net worth of $189.3 Billion after adding almost $74 Billion in 2020 alone. Despite the world economy entering a recession worst since the Great Depression, Amazon.com Inc and Jeff Bezos have seen rising revenues and profits.
The coronavirus pandemic resulted in a worldwide lockdown since March 2020. While most of the businesses are shut, e-commerce has seen a surge in shoppers with many resorting to digital companies to fulfil their purchase needs. Amazon added delivery of essential items during the lockdown period after it fastracked its delivery time and tightened its logistics operations. This added to its customer base with many using the e-commerce company for their daily needs.
Personal net worth of Jeff Bezos is now more than the market valuation of giants like Exxon Mobil Corp., Nike Inc. and McDonald’s Corp. Mackenzie Bezos, Jeff Bezos’ ex-wife, also added about $4.6 Billion on the same day to her personal fortune making her the 13th richest person in the world.