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Bussiness world’s richest man Amazon CEO Jeff Bezos

Amazon CEO Jeff Bezos, the richest man in the world is the first person ever in history to amass $200 billion in fortune. After a fast rally in US technology stocks yesterday he crossed the milestone. Bezos’ net worth now stands at $202 billion, following an rise of $5.22 billion in a single day, according to the Bloomberg Billionaires Index.

The sharp rise in his net worth comes after Amazon stock edged up two per cent in the previous trading session.

While most billionaires have seen their wealth decline this year due to the coronavirus pandemic, Bezos’ net worth has surged over $87 billion due to rising preference for online shopping among customers.

The 56-year-old Amazon founder and CEO’s net worth is $78 billion more than Bill Gates, the second richest man in the world. According to Forbes, Bezos’ wealth is the highest ever amassed in history even after adjusting for inflation.

His fortune is equal to 3.02 per cent of the total wealth of the 500 richest people in the world, according to the Bloomberg Billionaires Index.

Bill Gates, who was the first man to become a centibillionaire in 1999, is currently placed second with a net worth of $124 billion. His fortune also rose over a billion in a single day after the record rally in US technology stocks.

Meanwhile, Facebook boss Mark Zuckerberg saw his net worth surge to $115 billion after an astounding $8.49 billion rise in a single day.

The strong rally in US stocks also helped Tesla and SpaceX CEO Elon Musk join the centibillionaire club; his net worth now stands at $101 billion after a $5.46 billion single-day rise.

China’s tech billionaires have gained this year too. Tencent Holdings Ltd. Chief Executive Officer Pony Ma has amassed $16.6 billion this year and is now worth $55.2 billion. Alibaba Group Holding Ltd.’s Jack Ma and William Ding of NetEase Inc. have also added more than $12 billion each, putting their fortunes at $58.9 billion and $30.8 billion, respectively.

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