General
Jeff Bezos becomes world’s first person to have net worth of $200bn
Jeff Bezos, the CEO of Amazon has broken another record as the first person in the World to have a net worth of $200 billion.
According to Forbes report, Bezos was worth $204.6 billion as of 1:50 pm ET on Wednesday, August 26, when Amazon stock gained 2%.
The 56-year-old who is already the richest person in the world saw his net worth increase to $204.6 billion from $74 billion during the span of 2020.
According to Forbes’ calculations, Amazon founder’s fortune is the largest ever amassed even when taking inflation into account.
The report said Amazon’s stock price has been skyrocketing over the last few months, as millions of people have been forced to stay inside and order more products online due to the COVID-19 pandemic.
The company’s share price has surged more than 100% since March 16, when it was trading for less than $1,700 per share.
Amazon is worth $1.72 trillion, making it the second most valuable company behind Apple, which is worth $2.16 trillion.
-
News16 hours ago
Enugu govt plans befitting burial for Mr Ibu, Junior Pope
-
News16 hours ago
Kano police arrest suspects for disrupting inauguration of new commissioners
-
News19 hours ago
Why Bobrisky is not in Kirikiri prison – NCoS official
-
Politics15 hours ago
Zamfara bans officials from radio, TV interviews
-
News13 hours ago
Kastina police foil attack, neutralize suspected bandit
-
News20 hours ago
NSA laments booming illegal firearms market in North
-
Politics19 hours ago
FG places ex-Kogi gov. Yahaya Bello on watchlist
-
News11 hours ago
Kenneth Okonkwo knocks CBN’s forex management amid economic struggles