Washington, July 21: Amazon founder, Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Bezos saw his fortune increase $74 billion in 2020 to $189.3 billion. All this happened, despite the country entering into the worst recession since the Great depression.
According to a Bloomberg report, the shares of the company jumped 7.9 percent, which is the most since December 2018. Amazon shares jumped on the back of optimism about web shopping trends and the stock is up 73 percent this year. Amazon CEO Jeff Bezos Buys New Apartment for $16 Million in New York.
Jeff Bezos added $13 Billion to His Net Worth on Monday
Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump on the Bloomberg Billionaires Index since it was created https://t.co/X3SUiSuzm7
— Bloomberg (@business) July 21, 2020
As per reports, Bezos is now personally worth more than the market valuation of giants such as Exxon Mobil Corp., Nike Inc. and McDonald’s Corp. The report further mentioned how other tech giants leaders have also seen a surge in their net worth amid the coronavirus pandemic.
Commenting on this, Bernie Sander took to Twitter and said, "During the pandemic, Bezos saw his wealth increase by $74 billion. On the other hand, 50 million Americans are filing for unemployment, and are facing hunger and lack of health care and evictions. We must create an economy that works for all, not just for the rich.
Here's what Bernie Sander tweeted:
During this pandemic Jeff Bezos saw his wealth increase by $74 billion.
Meanwhile, 50 million Americans are filing for unemployment, and millions face hunger, lack of health care and evictions.
Unacceptable!
We must create an economy that works for all, not just the very rich.
— Bernie Sanders (@BernieSanders) July 20, 2020
Facebook CEO Mark Zuckerberg has added almost $15 billion to his net worth so far this year, even as the company struggles to deal with brands boycotting ads on the social network.
(The above story first appeared on LatestLY on Jul 21, 2020 11:07 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).