🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Amazon’s Bezos Dwarfs Gates as Net Worth Hits Record $200B

Published 08/26/2020, 02:23 PM
Updated 08/26/2020, 02:34 PM
AMZN
-

By Yasin Ebrahim

Investing.com - Amazon founder Jeff Bezos saw his net worth rise to a record $200 billion as swashbuckling gains in shares of Amazon bolstered his bank balance.   

According to Forbes, that makes Bezos the richest man in the world. Bill Gates comes in second, with about half that.

Shares of Amazon.com (NASDAQ:AMZN), whose origin story from a bookselling marketplace into an e-commerce behemoth, jumped 3%. The rally in Amazon has gathered steam in recent weeks in the wake of the e-commerce giant's better-than-expected quarterly performance last month as it rode the coronavirus-led panic buying to record sales.    

 

Bezos holds about an 11% stake in Amazon, valued at about $187 billion.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.