Jeff Bezos’ wealth tops $200 billion, Elon Musk now has over $100 billion; check who else got richer

By: |
August 27, 2020 9:49 AM

Amazon’s boss Jeff Bezos reached a milestone on Wednesday that no human has ever achieved. Amazon's stock price surged nearly 3% during Wednesday's trade on NASDAQ.

jeff bezos wealth reaches all time high of 171.6 billion dollar in times of coronavirus crisisAccording to the Forbes and Bloomberg billionaires list, Jeff Bezos saw his net worth increase $5.3 billion yesterday.

Amazon’s boss Jeff Bezos reached a milestone on Wednesday that no human has ever achieved. With Amazon stock price surging nearly 3% during Wednesday’s trade on NASDAQ, the world’s richest man saw his net worth soar to reach $202 billion — a pedestal on which no one has ever stepped. The surging share price not just helped Jeff Bezos but also his ex-wife MacKenzie Scott, who became the 13th richest person in the world with a networth of $66.2 billion. E-commerce giant Amazon.com has seen sales grow as customers rushed to shop online during the pandemic.

According to the Forbes and Bloomberg billionaires list, Jeff Bezos saw his net worth increase $5.3 billion yesterday. With the recent surge, the Amazon boss is now leading the rich list by at least $80 billion, ahead of Microsoft founder Bill Gates. Year-to-date, Jeff Bezos has witnessed his net worth climb higher by $87 billion while Bill Gates added $11 billion to his wealth. Amazon, in the second quarter of this year reported a jump in revenue to $88.91 billion. Sales grew amidst the lockdown as stores were shut across the globe. Amazon’s online grocery sales tripled on-year basis in the April-June quarter.

Also Read: TCS, Infosys, others set to gain from global IT spending windfall; these tech trends to boost growth

Since the beginning of this year, Amazon.com’s share price has gained 82% $1,898 per share to close at $3,441 apiece on Wednesday. The company has been scaling up operations and building capacities to deal with more and more demand as the pandemic continues to wreak havoc across countries.

Tesla’s boss Elon Musk too celebrated reaching a milestone on Wednesday, as his net worth reached $101 billion, making him the fourth man to amass such wealth across the globe. The Tesla Inc shares gained over 6% during Wednesday’s trading session, helping Elon Musk’s wealth. In 2020, so far, Elon Musk has added $73.6 billion to his wealth as the stock price gained 400%. India’s Mukesh Ambani sits on the seventh spot in the rich list with his net worth of $81 billion.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1HUL, HDFC Bank, Kotak Mahindra lead 7 of 10 most valued firms to lose Rs 59,260 cr in m-cap
2Indian market ‘attractive’ proposition for FPIs; net investment at Rs 3,944 cr in September so far
3Bank of India gets shareholders approval for raising Rs 8,000 crore