• About
  • Contact
Tuesday, June 28, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

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

Pritish raj by Pritish raj
July 2, 2020
in News
Reading Time: 2 mins read
A A
0
Jeff Bezos Net Worth- Next Big Brand

Jeff Bezos Net Worth- Next Big Brand Source- Forbes

  • 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

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
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.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • 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
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

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