Trends

Amazon CEO Becomes World’s First $200 Billionaire

Amazon founder and CEO Jeff Bezos has emerged the world’s first $200 billionaire after the stock of the online shopping platform surged by 2.85 per cent on Wednesday. Bezos owns 54.5 million shares of Amazon which is equal to 10.9 per cent stake. Currently Bezos total net worth is $204.6 billion.

When the businesses are hit all over the globe and many countries’ GDPs are going into negative, Jeff Bezos and his Amazon are in the uptrend. People are preferring to buy online instead of going out and getting infected with the virus. Amazon which is a Seattle based company is valued at $1.72 trillion now.

But Bezos would be even richer had he not gone through the most expensive divorce settlement with his longtime partner and spouse MacKenzie Scott. He offered to give her 25 per cent of his Amazon stake which is now worth $63 billion. If this had not happened Bezos would have been in the $250 billion club.

Microsoft founder Bill Gates and Facebook CEO Mark Zuckerburg are the next billionaires but are way behind Bezos who are net worth $124.3 billion and $114.7 billion respectively.

This post was last modified on 27 August 2020 12:56 pm

Share
Published by

Recent Posts

Team India’s Jersey Changes From Blue To Saffron, Internet Divided

India's men's and women's hockey teams will wear saffron jerseys instead of their traditional blue…

2 hours ago

Sobhita Dhulipala Gets Draped Into Goddess Mode

Sobhita Dhulipala has been steadily establishing herself as one of the most sought-after faces for…

2 hours ago

Students Are Safe, Criminals Won’t Be Spared

The Central Government has clarified that students and citizens who participated in the recent protests…

3 hours ago

Disha Patani Drips In Liquid Gold Glam

Disha Patani continues to prove why she's one of the most sizzling stars in the…

4 hours ago

Dulquer Salmaan Bets Big on a Controversial Concept

Dulquer Salmaan joined hands with director Nahas Hidhayath, who caught everyone's attention with RDX. The…

4 hours ago

Jagan Should Reassess Himself Before It’s Too Late

YS Jagan has his own way of defending the people surrounding him. This was earlier…

5 hours ago