In the past six months, Jeff and MacKenzie Bezos have seen their respective net worth skyrocket. As the rest of the world suffers from mass unemployment, vacations, lower wages, and worse, soaring Amazon share prices have made the fortune of the former husband and wife tens of billions of dollars. dollars in new value. MacKenzie Bezos’ net worth at the start of 2020 was $ 37 billion. At the time, she was not in the top 30 richest people in the world and she was the fifth richest woman in the world. If my intuition is correct, tomorrow (Friday July 10), MacKenzie will not only join the ranks of the 10 richest people in life, she could also end the day as the richest woman in the world, for the first time.
Here is a little history for those who have not paid attention:
Jeff and MacKenzie Bezos were married from 1993 to 2019. They have four children together. In January 2019, Jeff announced that they had officially separated via a Twitter message. Surprisingly, barely four months later, on April 4, 2019, they announced that a final divorce settlement had been reached. Under the terms of the settlement, Jeff was to transfer just under 20 million shares from Amazon to MacKenzie, with the reservation that he would control the voting rights of those shares. Jeff ended up with approximately 58 million shares, or approximately 12% of the total shares outstanding.
As previously noted, MacKenzie Bezos’ net worth as of January 1 was $ 37 billion. Below is a graph of Amazon’s stock performance over the past 12 months. Note the line in the middle showing a share price of $ 1,898.01 on January 2, 2020, the first trading day of this year:
By the time it received its settlement shares in April 2019, the stake was worth about $ 35 billion. Note that the stock has been relatively stable throughout the entire 2019 period leading up to the New Year. And then the stock exploded.
While most companies suffered tremendously during COVID, Amazon kills it every day. People are stuck at home ordering boxes, watching Prime, starting new websites on AWS, installing Ring, babbling desperately on Alexa…
You can see the stock drop slightly after the COVID panic hit the globe. Then he recovers. Then he took off like a wild stallion.
After today’s market closed, MacKenzie Bezos was worth $ 63 billion.
When MacKenzie started the year, this is how the five richest women in the world stacked up:
- # 1: Françoise Bettencourt-Meyers – $ 62 billion (L’Oréal heiress)
- # 2: Julia Flesher Koch – $ 60 billion (widow of David Koch – Koch oil)
- # 3: Alice Walton – $ 53 billion (daughter of Walmart founder Sam Walton)
- # 4: Jacqueline Mars – $ 42 billion (Mars candy)
- # 5: MacKenzie Bezos – $ 37 billion
After the close of the market today, here is how this same list compares:
- # 1: Françoise Bettencourt-Meyers – $ 65 billion
- # 2: MacKenzie Bezos – $ 63 billion
- # 3: Alice Walton – $ 56 billion
- # 4: Julia Flesher Koch – $ 52 billion
- # 5: Jacqueline Mars – $ 37 billion
The richest woman in the world – What would it take?
After observing the recent ups and downs in their respective net worth, I predict that MacKenzie will overtake Françoise when his net worth reaches $ 65.1 billion. Françoise’s net worth is much more stable than that of MacKenzie, it has fluctuated between $ 64 and $ 65 billion in recent weeks.
For MacKenzie to have a net worth of $ 65.1 billion, I calculate that Amazon’s share price should reach $ 3,255. This would be an increase of 2.3% over today’s closing price. As we noted earlier in this article, Amazon’s stock has increased only 3.3% today. It has increased more than 9% since last week, so I don’t think a 2.3% increase tomorrow is an extraordinary prediction. Again, this is just an opinion based on nothing but the gut. I must also disclose that I own Amazon shares, held in a retirement account. I am not a stock market expert and I am not qualified to give advice on stock market investment. Frankly, I’m generally a bad title picker.
And btw, I can be totally wrong. Amazon could drop 5% tomorrow and this item would have been worthless. But I enjoyed writing it anyway, and it will be fun to see how tomorrow will be!
Do you think we will have a new queen of wealth in the world ???