Bezos's Personal Wealth Continues To Grow Under The COVID-19
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Author : Bozhou Marine
Update time : 2020-10-07 09:33:06
Under the COVID-19 situation, the global economy has suffered a huge impact. However, according to Australian News Network on May 15, the personal wealth of Amazon founder Jeff Bezos continued to grow during the outbreak. In a few years, he will become the world's first trillion dollar millionaire. Bezos is also on the social media search.
According to reports, as the founder of Amazon's e-commerce Empire, Bezos owns more than 57 million shares of Amazon, an e-commerce giant, accounting for about 11.1% of the entire Amazon. His personal wealth (mainly Amazon stock, and some of his own space exploration enterprise blue) owns Shares in origin and the Washington Post, as well as some $7.1 billion in cash and other assets, have soared in recent years as the company's share price soared. Become the richest man in the world in 2017. In 2018, his personal wealth increased to $150 billion. He is also one of the five richest people in the world who did not lose money in this year's COVID-19.
ew crown epidemic makes people stay at home, mainly relying on online shopping and distribution services, which makes the sales of e-commerce giant Amazon exceed $75 billion in the first quarter of this year, and nearly $89 billion in the second quarter, with a year-on-year increase of 40%, and an operating profit of $5.8 billion, a year-on-year increase of 89%. Alibaba, the second largest company in the industry, had revenue of $16.134 billion in the first quarter and $21.718 billion in the second quarter. Although Amazon has spent billions of dollars on expenses related to the COVID-19, its profits are still better than expected.
Since the outbreak of the epidemic, Amazon has been a typical representative of beneficiary companies. The company's share price has risen by 74.33% since the beginning of this year. Bezos's wealth has increased by tens of billions of dollars this year. Amazon CEO Jeff Bezos's personal net worth also soared to more than $2020 billion (about 1.58 trillion yuan), according to the data of the index.
According to CNBC, Bezos became the first richest person in human history to break the $200 billion mark. His personal wealth is now $78 billion more than Bill Gates, the number two co-founder of Micro-soft.
Last month, Amazon also announced plans to hire another 100000 employees on its operating network. Since March, Amazon said it has hired more than 170000 new employees to meet the growing needs of its customers.
Next, Amazon's prime day promotion will open on October 13, which will be another factor that may drive up the share price. At the same time, it also marks that the company will enter the peak period of delivery, which will further challenge the front-line employees.
Comparisun, a small and micro business consulting platform, analyzes the 25 most valuable companies on the New York Stock Exchange and the top 25 richest people in Forbes, calculates their growth rate in the past five years, and predicts their future wealth growth. The study found that Bezos's wealth had grown by an average of 34% over the past five years and predicted that his wealth would reach $1 trillion by 2026.
After Amazon took the lead in the field of e-commerce, Bezos began to explore his personal interest, that is, following the example of SpaceX company of musk, blue origin company has also realized the reuse of launch vehicles, but its commercial scale and technical maturity lag behind SpaceX company. Currently, blue origin is developing lunar landers and launch vehicles to compete for contracts related to NASA's lunar landing program. In addition, Amazon plans to launch thousands of satellites in space to provide Internet services for the population on the ground. It is expected that these massive satellites will also be sent to the brother company Blue origin for launch.
With $200 billion in wealth, Bezos is richer than the three Walton brothers who control Wal Mart's supermarkets, all of whom hold equal shares. It is reported that the total assets of the Walton family are $173 billion.
According to statistics, Bezos, gates and Facebook CEO Mark Zuckerberg are the only super rich in the world whose personal wealth has exceeded the $100 billion mark.
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