Business | Celebrity

Jeff Bezos Holds A New Record For The World's Richest Person

Mayukh Bari02 July 2020 8:12PM IST
2 min read285

COVID-19 might have bring down the economy a lot but Jeff Bezos somehow managed to increase his wealth significantly. He's now worth $171.6 billion, a new record for the world's richest person, according to Bloomberg Billionaire Index. Another thing to keep in mind that he had to give away quarter of his stake in Inc. as part of a divorce settlement with MacKenzie Bezos last year.

Amazon share price surged 4.4% to a record $2,878.70 Wednesday, boosting the founder's world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on September 4, 2018, according to the Bloomberg Billionaires Index. Bezos owns 11% of Amazon and he gains $56.7 billion this year alone.

MacKenzie's wealth also hit a record. She's now worth $57 billion, making her the 12th richest person in the world. Her wealth skyrocketed 54% year to date, or an increase of nearly $20 billion, according to Bloomberg.

Not every billionaire has come out ahead this year. Spain's Amancio Ortega, the man behind the Zara fashion brand, has lost $19.2 billion. Berkshire Hathaway Inc. Chairman Warren Buffett has lost $19 billion and French luxury-goods tycoon Bernard Arnault is down $17.6 billion.

But most have weathered the downturn. The collective net worth of the world's 500 richest people now stands at $5.93 trillion, compared with $5.91 trillion at the beginning of the year.