Jeff Bezos becomes world's first-ever $200-bn man

August 27, 2020

 Jeff Bezos is that great person, the living manifestation of the old adage that "the rich get richer," with the Amazon founder's net worth on Wednesday surpassing the $200 billion marks for the primary time.



 Bezos' personal wealth rose to its current staggering level because the stock price of his e-commerce company hit a record high of $3,438 per share. At an equivalent time, a rally in Tesla shares has pushed CEO Elon Musk's net worth above $100 billion, consistent with the Bloomberg Billionaire index a ranking of the five hundred wealthiest people on the world. 

The escalation of wealth is especially apparent at the upper end of the index and is essentially driven by a rally in tech stocks because the coronavirus prompts consumers to try to more of their buying online. Facebook's Mark Zuckerberg, as an example, also saw his net wealth surpass $100 billion this month. Widening income inequality has fueled efforts to limit the gap by progressive lawmakers including Senator Bernie Sanders, who this month proposed legislation to tax "extreme" wealth gains amid the continuing pandemic.

 Bezos, who started Amazon in 1994, has been the wealthiest person on the earth since 2017 Microsoft founder Gates is that the second richest person within the world, having amassed a private fortune now worth $124 billion. Apple CEO Tim Cook recently became a billionaire because the market value of his company — the foremost valuable on the earth — surged to $2 trillion. Cook's net worth isn't even 1 / 4 of that of the person at rock bottom of the Bloomberg list, Indian industrialist Vikram Lal, whose personal wealth is estimated at $4.5 billion.

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