Jeff Bezos' wealth hits a new high of $172 billion as Amazon stock soars
Afnews Editor
Jul 02, 2020
Jeff Bezos' wealth has reached new heights following a 4.4 percent surge in Amazon's stock value.
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56-year-old Bezos, the founder and CEO of Amazon, is now worth $172 billion according to the Bloomberg Billionaires Index. This means he is richer now than he was prior to settling the most expensive divorce in history last year.
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Bezos' ex-wife MacKenzie took 25 percent of his shares, which meant at the time her stake was worth more than $35 billion, according to Forbes.
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However, Bezos remained the wealthiest person on the planet after the settlement and his wealth has continued to soar amid the coronavirus pandemic.
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According to Comparisun, Bezos is on track to be the world's first trillionaire by 2026.
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The business software comparison site used data collected from the last five years of the Forbes Rich List to calculate the yearly wealth growth rate of the world's richest billionaires.
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Applying this annual growth rate over the coming years, the study concluded that Bezos could become the world's first trillionaire in 2026 or sooner.
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Bezos' company, Amazon has been doing particularly well in recent months with the increased demand for online shopping due to the Coronavirus pandemic. As a result, the company's share prices has increased.
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— Afnews Editor