Jeff Bezos Adds $13 Billion to His Worth in One Day

Published July 21st, 2020 - 10:00 GMT
Jeff Bezos Adds $13 Billion to His Worth in One Day
Bezo's, the founder and owner of Amazon, has experienced this sudden inflation in numbers due to his company's shares growth, a total of 7.9% over a single day. (Shuuterstock)
Highlights
This sudden growth in figures is likely due to the increasing number of home-stayers who are purchasing more goods and services.
Jeff Bezos, world's richest man, has become ever richer by adding $13 billion to his worth, according to TIME magazine.

Bezo's, the founder and owner of Amazon, has experienced this sudden inflation in numbers due to his company's shares growth, a total of 7.9% over a single day.
 
 

This sudden growth in figures is likely due to the increasing number of people who are locked down at home and are therefore purchasing more goods and services online, combined with the inordinate sums that governments and major financial institutions have poured into the economy in an attempt to avert a crisis.

This is not the first time that Bezos has seen his wealth skyrocket. Earlier this year, he went from $74 billion to $189.3 billion - a 39% growth.

The 56-year-old multi-billionaire has surpassed the market valuation of many large corporations such as Exxon, Nike and even McDonald's, according to TIME magazine.
 

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content