Jeff Bezos has just taken a step forward. On Monday, he saw his fortune increase by $ 13 billion thanks to Amazon stock. While this is likely to be wiped out today, it doesn’t matter much. Bezos is worth $ 190 billion and $ 75 billion has been added to his net worth since January. That $ 13 billion on Monday, July 20 sets a one-day record for the biggest financial gain since 2012. The increase is due to Amazon’s 7% gain in inventory on Monday. On Tuesday, July 21, Amazon stock slipped just under 2% to $ 3,135. Bezos’ $ 75 billion gain in the first seven months of 2020 is also an impressive achievement and puts Bezos on track to become the world’s first $ 1 trillion by 2026. Amazon is valued at over $ 1 trillion. trillion dollars now.
Let’s put Bezos’ insane $ 190 billion net worth in perspective for a moment. Its $ 190 billion is more than the valuation of the largest companies in the United States. Bezos’ $ 190 billion is more than Nike’s valuation. It’s more than Costco’s valuation. It’s more than the valuation of McDonald’s. It is also worth more than Starbucks, Target, IBM and most NASDAQ and S&P 500 companies. There are 30 companies in the Dow Jones Industrial Average. Jeff Bezos’ $ 190 billion is more than the market capitalization of 13 of those companies. Bezos has soaring 65% Amazon’s share price to thank for it! In a way, he also has to thank the global pandemic, because so many people depend on the delivery of goods. It wasn’t just buying products from Amazon that helped drive its stock price higher – people are buying briquettes, echo devices, streaming movies on Amazon Prime and using the platform. AWS cloud while staying at home.
Target has a market capitalization of $ 60 billion.
Starbucks has a market capitalization of $ 88 billion.
IBM has a market capitalization of $ 112 billion.
Nike has a market cap of $ 122 billion.
McDonald’s has a market capitalization of $ 143 billion.
Costco has a market capitalization of $ 145 billion.
Salesforce has a market capitalization of $ 172 billion.
Oracle has a market capitalization of $ 176 billion.
Between the Dow, the Nasdaq and the S&P, only 30 of the 630 companies combined from the three indices have a market capitalization greater than Bezos’ personal net worth. Comcast and ExxonMobil are worth over $ 190 billion, but not by much. Bezos can catch up and overtake these companies too.
Bezos is not the only billionaire to have seen his net worth increase in 2020. Although much of the world is closed due to the global coronavirus pandemic, 10 billionaires have seen their net worth increase by at least 10 billions of dollars.
Most of these 10 richest and lucky billionaires are in the tech industry. Six of them are from the United States, three from China and one from India.
Eric Yuan – $ 10 billion
Net worth: $ 14.6 billion
Zoom’s popularity has skyrocketed since the start of the Covid-19 shutdowns. Businesses use Zoom for reunions, families use it to stay in touch with loved ones outside the home, friends have Zoom parties, and people do yoga, the bar method, HIIT, yoga. Zumba and all kinds of Zoom workouts. All of these new users have pushed founder Eric Yuan’s net worth to $ 10 billion in 2020. He owns 19% of Zoom.
Colin Huang – $ 10.3 billion
Net worth: $ 44 billion
Colin Huang founded Pinduoduo in 2015. The app is similar to Groupon and is the third largest e-commerce platform in China. During the first quarter of 2020, the active users of Pinduoduo increased by 68%. Revenue increased 44% over the same period. Overall, his net worth is up $ 10.3 billion this year. Huang recently resigned as CEO and reduced his stake in his company from 43.3% to 29.4%. He will remain chairman of the board.
Mukesh Ambani – $ 13.5 billion
Company: Reliance Industries
Net worth: $ 70 billion
Mukesh Ambani is the richest man in India and the head of Reliance Industries and Reliance Jio. Mukesh has the hottest and fastest mobile telecommunications business in India. Mukesh was the driving force behind a push to bring India into the 21st century in its telecommunications industry. Mukesh spent $ 35 billion of Reliance’s money to bring India’s first 4G wireless network, called Reliance Jio. This allows it to deliver exceptionally cheap free phone calls and data, and give 1.3 billion people access to global tech and e-commerce giants.
Pony Ma – $ 13.8 billion
Net worth: $ 54 billion
Ma Huateng, aka Pony Ma, is the richest man in China. He is the founder and CEO of Tencent, which operates the WeChat social media platform, similar to What’s App. WeChat was released in 2011 and is the world’s largest standalone mobile app. WeChat has over a billion active users every month.
Mark Zuckerberg – $ 14.8 billion
Net worth: $ 93 billion
Mark Zuckerberg has seen his net worth increase by almost $ 15 billion so far in 2020, which has brought him closer to the $ 100 billion mark. He recently announced an initiative to quadruple testing for the coronavirus in the San Francisco Bay Area through his Chan Zuckerberg Initiative foundation in collaboration with Stanford and UCSF.
Qin Yinglin – $ 14.9 billion
Company: Muyan Foodstuff
Industry: Food and beverage
Net worth: $ 40 billion
Qin Yinglin is a Chinese pig breeder. It turns out that there is a pork crisis in China after an outbreak of African swine fever resulted in the deaths of millions of pigs. This sad situation pushed the price of pigs to an all-time high and, as a result, made pig farmer Qin Yinglin a multi-billionaire. China is the world’s largest pork market.
Steve Ballmer – $ 18 billion
Company: Microsoft (formerly), Los Angeles Clippers
Net worth: $ 73 billion
Steve Ballmer is the former CEO of Microsoft. He owns the Los Angeles Clippers. A simple scroll through Getty Images reveals how much he enjoys owning the NBA team. He and his wife Susan recently donated $ 7 million to gun control group Everytown Gun Safety. This donation is the latest in a series of gun control and gun violence measures taken by the Ballmers over the years.
MacKenzie Bezos – $ 26 billion
Net worth: $ 63 billion
Jeff Bezos; the ex-wife received 20 million Amazon shares in April 2019 as part of their divorce settlement. At the start of the year, it was worth $ 37 billion. Today, it’s worth $ 63 billion, an increase of $ 26 billion thanks to the skyrocketing Amazon inventory. She is a member of the Giving Pledge, her ex is not.
Elon Musk – $ 46.9 billion
Company: Tesla, SpaceX
Net worth: $ 80 billion
On July 21, Elon Musk qualified for a payment of $ 2.1 billion after a rise in Tesla shares. This is his second big salary since May. This is the second of 12 trenches planned in its 2018 compensation plan. Tesla has a current market value of nearly $ 300 billion.
Jeff Bezos – $ 74.4 billion
Net worth: $ 190 billion
Amazon founder Jeff Bezos’ net worth has soared to $ 190 billion, barely $ 10 billion to become a trillionaire.