• Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer
Tuesday, December 5, 2023
NewsLiveNation
No Result
View All Result
  • Login
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
No Result
View All Result
Morning News
No Result
View All Result
Home World

Jeff Bezos’s Wealth Soars To $171.6 Billion, Tops Pre-Divorce Record

newslivenation by newslivenation
July 2, 2020
in World
0
Jeff Bezos’s Wealth Soars To $171.6 Billion, Tops Pre-Divorce Record
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Jeff Bezos's Wealth Soars To $171.6 Billion, Tops Pre-Divorce Record

Jeff Bezos owns 11% of the stock, which comprises the bulk of his fortune

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year.

Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.

His gains — $56.7 billion this year alone — underscore a widening wealth gap in the U.S. during the worst economic downturn since the Great Depression. Initial public offerings and buoyant equity markets have bolstered mega-fortunes, even as tens of millions of people have lost their jobs. This week, after receiving complaints about ending pandemic hazard pay, Amazon said it would spend about $500 million to give one-time $500 bonuses to most front-line workers.

The company declined to comment on its founder’s wealth.

Amazon has been on a tear, with the pandemic accelerating the consumer shift to e-commerce from brick-and-mortar retail. Bezos owns 11% of the stock, which comprises the bulk of his fortune.

Most of those with the biggest wealth gains also hail from the tech sector. They include Tesla Inc. Chief Executive Officer Elon Musk, who added $25.8 billion to his fortune since Jan. 1, and Zoom Video Communications Inc. founder Eric Yuan, whose wealth has almost quadrupled to $13.1 billion.

Mackenzie Bezos, who acquired a 4% stake in Amazon after the couple split, has a net worth of $56.9 billion and climbed to No. 12 in Bloomberg’s ranking. She recently leapfrogged Alice Walton and Julia Flesher Koch to become the world’s second-wealthiest woman, and now trails only L’Oreal heiress Francoise Bettencourt Meyers.

Not every billionaire has come out ahead this year. Spain’s Amancio Ortega, the titan behind the Zara fast-fashion brand, has lost $19.2 billion, the most of anyone on the Bloomberg index. Berkshire Hathaway Inc. Chairman Warren Buffett has dropped $19 billion and French luxury-goods tycoon Bernard Arnault is down $17.6 billion.

But most have weathered the downturn. The collective net worth of the world’s 500 richest people now stands at $5.93 trillion, compared with $5.91 trillion at the beginning of the year.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

[ad_2]

Source link

newslivenation
newslivenation
Tags: Jeff BezosJeff Bezos's net worth

Related Posts

Best Time to Visit Grand Teton National Park
Travel

Best Time to Visit Grand Teton National Park: Your Tour Guide (2023)

November 24, 2023
Harlow Texas
World

Harlow Texas- is it really a haunted village?

March 28, 2023
Ruth Bader Ginsburg quotes
World

Ruth Bader Ginsburg: A powerful personality. Check out the career details and Ruth Bader Ginsburg quotes in this article!

May 28, 2021
SAG Awards Nominations 2021: The complete list – News Live Report
World

SAG Awards Nominations 2021: The complete list – News Live Report

February 4, 2021
MPPEB Gramin Krishi Vistar Adhikari Admit Card 2021 Released, Direct Link Here- results.amarujala.com – News Live Report
World

MPPEB Gramin Krishi Vistar Adhikari Admit Card 2021 Released, Direct Link Here- results.amarujala.com – News Live Report

February 4, 2021
Australian prime minister says he invited Biden Down Under – News Live Report
World

Australian prime minister says he invited Biden Down Under – News Live Report

February 4, 2021
Next Post
New Zealand batting coach Peter Fulton steps down to take up first-class side role

New Zealand batting coach Peter Fulton steps down to take up first-class side role

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

How To Make Self-Care A Part Of Your Routine

How To Make Self-Care A Part Of Your Routine

October 4, 2022
John Krasinski Net Worth

John Krasinski Net Worth: Is he richest actor of The Office?

November 28, 2023
How to Remove Weather From Taskbar?

How to Remove Weather From Taskbar?

January 12, 2023
Alvin Louise Martin

Alvin Louise Martin: Everything you need to know about Whoopie Goldberg’s ex-husband. Where is he now? 

November 28, 2023

EDITOR'S PICK

Nancy Pelosi: ‘We have held the house’

Nancy Pelosi: ‘We have held the house’

November 4, 2020
Babul Supriyo Says Met Amit Shah, Going Into Self-Isolation

Babul Supriyo Says Met Amit Shah, Going Into Self-Isolation

August 2, 2020
कानपुर कांड: पुलिस रिकॉर्ड से गायब है भ्रष्टाचार की पोल खोलती शहीद देवेंद्र मिश्रा की लिखी चिट्ठी

कानपुर कांड: पुलिस रिकॉर्ड से गायब है भ्रष्टाचार की पोल खोलती शहीद देवेंद्र मिश्रा की लिखी चिट्ठी

July 8, 2020
China keen to establish BRICS innovation base focussing on 5G

China keen to establish BRICS innovation base focussing on 5G

August 25, 2020

About

newslivenation.in


newslivenation.in is an open platform for people who loves to read and write. You can gather information or share your views in your words here. We will always be happy to provide the most recent facts, technological news etc. Happy reading!

Follow us

Uncategorized

Free Casino Games – What Are Your Choices?

December 4, 2023
Uncategorized

Free Spins Bonuses – Increase Your Gambling Your Bankroll

December 4, 2023
Uncategorized

How to Take Advantage of the Casino Bonuses You Receive

December 4, 2023

Free Casino Games – What Are Your Choices?

  • Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer

Copyright © 2023 All Rights Reserved | Powered by Newslivenation
Email: [email protected] and [email protected]

No Result
View All Result
  • News
  • Politics
  • National
  • Business
  • Finance
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

Copyright © 2023 All Rights Reserved | Powered by Newslivenation
Email: [email protected] and [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In