Shares of the Seattle-based retailer surged 4% to a file $2,879 on Wednesday, boosting the founder’s world-main fortune to $172 billion. That tops his earlier excessive of $168 billion, set on September 4, 2018, in accordance to the Bloomberg Billionaires Index.
His positive factors — $57 billion this 12 months alone — underscore a widening wealth hole within the US throughout the worst financial downturn for the reason that Great Depression. Initial public choices and buoyant fairness markets have bolstered mega-fortunes, whilst tens of tens of millions of individuals have misplaced their jobs. The firm declined to touch upon its founder’s wealth.
Amazon has been on a tear, with the pandemic accelerating the patron shift to e-commerce from brick-and-mortar retail. Bezos owns 11% of the inventory, which contains the majority of his fortune.
Most of these with the largest wealth positive factors additionally hail from the tech sector. They embrace Tesla CEO Elon Musk and Zoom Video Communications founder Eric Yuan.
Mackenzie Bezos, who acquired a 4% stake in Amazon after the couple break up, has a web price of $57 billion and climbed to No. 12 in Bloomberg’s rating. She not too long ago leapfrogged Alice Walton and Julia Flesher Koch to develop into the world’s second-wealthiest woman, and trails solely L’Oreal heiress Francoise Bettencourt Meyers.