Jeff Bezos adds $ 13B to net worth, biggest one-day gain


Amazon founder and CEO Jeff Bezos added $ 13 billion to his net worth on Monday, according to the Bloomberg Billionaires Index.

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AMZN AMAZON.COM INC. 3,196.84 +234.87 + 7.93%

It was the most significant single-day rise in personal wealth since the index began in 2012, Bloomberg reported, after analysts raised their targets for Amazon stocks, which rose 7.9 percent on Monday, before from the company’s second-quarter earnings report.

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So far this year, his wealth has grown by a total of $ 74 billion to more than $ 189 billion, according to the index.

Jeff Bezos (Photo: Associated Press)

Amazon shares have increased 73 percent year-over-year. The e-commerce giant has seen an unprecedented boom in business since the coronavirus pandemic began as more people began shopping from home, particularly as local governments implemented orders to stay home.

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Amazon temporarily delayed non-essential item orders in March and April due to an increase in orders for cleaning products, personal protective equipment, and other coronavirus-related products.

Bezos’ personal wealth is now more than some of the world’s most valuable companies, including Wells Fargo, Costco and Oracle.

The Amazon CEO became the richest man in modern history in 2018; The net worth of Microsoft founder Bill Gates briefly surpassed that of Bezos in October 2019 after Amazon shares suffered a sharp decline, but since then their value has remained at the top.

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