Jeff Bezos’ wealth explodes to $150 billion – Profits amidst COVID-19 pandemic

The COVID-19 pandemic has affected Jeff Bezos – it’s obviously a positive one – as his wealth has exploded since the turn of the year.

He is now worth $150 billion, as he has seen a net worth increase of almost $35 billion since the start of the year.

Jeff Bezos' wealth explodes to $150 billion - Profits amidst COVID-19 pandemic lailasnews

In March, the company said had a surge in demand, hiring 175,000 new employees in order to fulfil as many orders as possible, with the company’s share price increasing to $2,483 on Friday.

The biggest shareholder of the firm is Bezos, who has more than 55 million shares – making him fairly well off.

According to Forbes’ list, as of March 18,

“2,095 billionaires were recorded, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Of the billionaires who remain, 51% are poorer than they were last year. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019”.

It is worthy of note that, Jeff Bezos has hit the $150 billion milestone before, back in July 2018, making him not only the richest person in the world, but modern history too.

In fact, the Amazon founder is on track to to be the world’s first trillionaire by 2026, according to Comparisun.

The business software comparison site used data collected from the last five years of the Forbes Rich List to calculate the yearly wealth growth rate of the world’s richest billionaires.

Applying this annual growth rate over the coming years, the study concluded that Bezos – who is estimated to be worth over $140bn (£112bn) – could become the world’s first trillionaire in 2026, at which point he will be 62.

The research also forecasts that Facebook founder Mark Zuckerberg could become the youngest trillionaire in the world 10 years later in 2036, when he will be 51 years old.

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