Jeff Bezos net worth in USD is over $200 billion, and he is the first person ever to achieve this. The Amazon CEO has been the world’s richest man for a long time, but in 2020 he is wealthier than ever before.
On Wednesday, August 26, the man created a milestone that no one had ever reached. Forbes, across the past four decades, has not recorded such a massive leap of net worth.
On August 26, Amazon’s stock edged up by 2%, and Jeff Bezos’ net worth increase by $4.9 billion due to that. The result? The Jeff Bezos net worth spiked up to $200 billion and created history.
How did Jeff Bezos net worth hit such a boom?
As of 1:50 pm EDT of August 26, 2020, Jeff Bezos net worth in USD was $204.6 billion. The amount was approximately $90 billion more than Bill Gates, the second-richest in the world. Currently, Bill Gates net worth stands as $116.1 billion.
While adjusting for inflation, Forbes states that the Amazon CEO’s fortune is currently more extensive than ever before. Also, the person who is closest to these figures is Bill Gates. Moreover, Gates was the first to become a centibillionaire. Microsoft reached its peak in 1999, and Gates surpassed $100 billion, which amounts to $158 in USD in today’s time.
With changes in consumer preferences during the coronavirus pandemic, Amazon stocks shoot up by 80% compared to the beginning of 2020. Jeff Bezos net worth on January 1, 2020, was $115 billion.
With an 11% stake in Amazon, Jeff Bezos’ fortune shot up by 90% by August 2020. Additionally, he owns Blue Origin, Washington Post, and has other private investments.
Jeff Bezos would have been richer if he didn’t go through the most expensive divorce settlement ever. He separated from his ex-wife MacKenzie Scott in July 2019 and gave up 25% of his stake on Amazon. The stock is now worth $63 billion. Bezos also gave $1.7 billion as charitable gifts in 2020. Currently, Scott is the 14th richest person in the world and the second-richest woman after Françoise Bettencourt Meyers of L’Oréal.
The growing centibillionaires
Jeff Bezos is not the only tech giants whose fortune is growing heights. On August 25, Mark Zuckerberg’s Facebook became the new centibillionaire; it crossed the $103.1 billion mark after adding $3.4 billion to his net worth in a single day due to Facebook stock gains.
The surge went on till the first half of August 26, and by then, Mark Zuckerberg net worth went up by $6 billion, making a total of $109.1 billion.
There are more people turning centibillionaires after Bezos, Mark, and Zuckerberg. Bernard Arnault, the leading man of LVMH, was the first one to join the 12-figure rank in 2019. However, his net worth slipped by $80 billion during the early spread of the coronavirus pandemic. However, he reclaimed the tag of a centibillionaire by May 2020 and is currently worth $115 billion. Another person who might soon join is the club is Elon Musk, with a net worth of $98.5 billion.
