Jeff Bezos is now worth $200 billion

By Alma Fabiani

Updated Sep 17, 2020 at 04:27 PM

Reading time: 2 minutes

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How much is Jeff Bezos worth?

As of yesterday, Wednesday 26 August 2020, Amazon CEO Jeff Bezos’ wealth reached an estimated $202 billion according to the Bloomberg Billionaires Index. Amazon’s shares soared up about $87 billion since January. Bezos was already the world’s richest man. Now, his net worth has skyrocketed once again, setting another new record. He has also become the world’s first $200 billionaire.

When exactly did Jeff Bezos become that rich?

Well, newsflash everyone, Bezos has been impressively rich for quite some time now. But his wealth reached $202 billion on Wednesday just before noon when shares of Amazon soared over $3,404 a share for the first time ever. The stock continued higher in afternoon trading to end the day up 2.85 per cent, or $95.36 a share, to $3,441.85. The company’s stock is up about 25 per cent over the last three months and 86 per cent so far this year, according to data from Refinitiv. This pushed Bezos’s net worth up $5 billion to a massive $202 billion.

Who is Jeff Bezos richer than?

Technically, Bezos is richer than anyone else, but here are the other competitors Bezos has ‘overtaken’. Bezos, 56, is now $77.7 billion richer than Microsoft’s founder Bill Gates, who held the title of world’s richest man for a long time but who now sits in the second spot with $124.3 billion.

Facebook CEO Mark Zuckerberg gets the third place with a net worth of $114.7 billion, according to the Bloomberg Billionaires Index. According to Bloomberg, Bezos is also now wealthier than all three of the Walton siblings put together, who each hold an equal stake in Walmart, Amazon’s longtime retail competitor. The Waltons have a combined net worth of $173 billion.

Despite the coronavirus pandemic’s global impact on the economy, Bezos isn’t the only billionaire who’s gained a lot from 2020. Tesla’s CEO Elon Musk saw the addition of $73.6 billion to his net worth as his electric automaker’s stock skyrocketed.

Jeff Bezos should be even richer than he is

Here again, technically, Bezos should be even richer. Had he not divorced his longtime spouse MacKenzie Scott, he would have already surpassed the $250 billion mark. Scott is now worth $67.2 billion, making her the thirteenth richest person in the world.

What is Jeff Bezos doing with his money?

Bezos recently broke the record for the priciest home purchase in Los Angeles when he bought David Geffen’s Beverly Hills home for $165 million.

Bezos also spent close to $100 million on four apartments on Fifth Avenue in New York, which he plans to merge into a massive flat. Late last year, reports emerged that he was also looking at purchasing the Seattle Seahawks NFL franchise. We’re sure Bezos has found many other things to spend his money on.

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