• About
  • Contact
Saturday, January 23, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Jeff Bezos Net Worth Reaches $171.6 Billion After Rise In Shares

Pritish raj by Pritish raj
July 2, 2020
in News
2 min read
0
Jeff Bezos Net Worth- Next Big Brand

Jeff Bezos Net Worth- Next Big Brand Source- Forbes

Share on FacebookShare on Twitter
  • Jeff Bezos net worth has broken through his previous record as his shares rose 4.4 percent boosting the net worth to $171.6 billion.

Jeff Bezos net worth has broken through his previous record, even though he gave up a quarter of his share in Amazon.com Inc. last year as part of a divorce settlement.

Seattle-based retailer shares rose 4.4 percent to Wednesday’s record $2,878.70, boosting the founders’ world-leading fortune to $171.6 billion. According to the Bloomberg Billionaires Index, that tops his previous high of $167.7 billion set at Sept. 4, 2018

His earnings-this year alone $56.7 billion-reflect a widening wealth gap in the US amid the worst economic downturn since the Great Depression. Initial public offerings and booming stock markets have raised mega fortunes, just though tens of millions have lost their jobs. Upon fielding feedback this week about ending the pandemic threat compensation, Amazon announced it would spend about $500 million on giving the most front-line employees one-time $500 bonuses.

Amazon was on a roll, with the pandemic driving the change from brick-and-mortar retail to e-commerce. Bezos holds 11 percent of the market, the bulk of his fortune.

The majority of those with the highest gains in income have come from the tech industry. They cover Tesla Inc. Chief Executive Officer Elon Musk, who has added $25.8 billion to his fortune since January 1, and founder Eric Yuan of Zoom Video Communications Inc., whose wealth has nearly quadrupled to $13.1 billion.

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

This year, not every billionaire came out ahead. Amancio Ortega of Spain, the billionaire behind the fast-fashion chain of Zara, has lost $19.2 billion, most of whom are on the Bloomberg index. Hathaway, Berkshire Inc. Chairman Warren Buffett lost $19bn, while French luxury goods tycoon Bernard Arnault lost $17.6bn.

But most have had the downturn weathered. The total net worth of the 500 richest people in the world currently stands at $5.93 trillion, compared with $5.91 trillion at the start of the year.

Previous Post

Roposo Is Expecting 1 Crore New Users After TikTok Ban In India

Next Post

Facebook's Lasso Shuts Down As It Gears Up To Launch Instagram Reels

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

LifeStyle Video App Trell Starts Social Commerce for its User Base
News

LifeStyle Video App Trell Starts Social Commerce for its User Base

January 22, 2021
Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Next Post
Instagram Reels Launch- Next Big Brand

Facebook's Lasso Shuts Down As It Gears Up To Launch Instagram Reels

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Parle Agro – A Home-Grown Conglomerate Challenging the Giants

Parle Agro – A Home-Grown Conglomerate Challenging the Giants

2 years ago
Moonbug Cocomelon Blippi- Next Big Brand

Moonbug Acquires Cocomelon & Blippi Kids Channels With 7 Billion Views

6 months ago
Remove China Apps Banned Downloads Stars- Next Big Brand

‘Remove China Apps’ Records 1 Mn Downloads & 4.8 Stars On Play Store

8 months ago
Virgin Galatic- Next Big Brand

Virgin Galactic Receives Investment Of $20 Million From Boeing

1 year ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Indigo Paints: Colorful journey of a Lesser Known Paint Brand
  • LifeStyle Video App Trell Starts Social Commerce for its User Base
  • Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

Instagram

Follow Me!

Latest News

Indigo Paints: Colorful journey of a Lesser Known Paint Brand

Indigo Paints: Colorful journey of a Lesser Known Paint Brand

January 22, 2021
LifeStyle Video App Trell Starts Social Commerce for its User Base

LifeStyle Video App Trell Starts Social Commerce for its User Base

January 22, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.