Human beings were always blessed with knowledge and technology. The driving force that made this accomplishment possible was wealth. Every single aspect of life is controlled or influenced by the power of money. This is why the richest corporates in the world hold the title that every human being envy or hope to achieve someday. “The richest man alive”.
On 26th August 2020, Jeff Bezos accomplished a remarkable feat of being the only person alive with a net worth of more than $200 billion. On Wednesday the NASDAQ trade increased the price of amazon stocks by 3%. This increase was thanks to the hike in online shopping during the time of the pandemic. Amazon constantly provided good quality service to all the customers even in the trouble times. Their policies were strict in terms of safety and hygiene. The effort and dedication put in by all the employees at Amazon were reflecting in its stock prices. Right now, Jeff Bezos has a total net worth of $204 billion. No man has ever stood this high in terms of wealth, this is certainly a mind-blowing achievement. Jeff Bezos’s ex-wife MacKenzie Scott also benefited from 3% of the increase in Amazon shares and became the 13th richest person in the world with the net worth of $66.2 Billion. Jeff Bezos saw a total increase of 5.3 Billion on 26 August 2020.
Elon Musk the founder of Space X also saw an increase in his total net worth. This was possible because of the increase in the share price of Tesla Inc. owned by Elon Musk. The Net worth of Elon Musk according to the billionaire’s Index is $101 billion. According to Bloomberg and Forbes list, Jeff Bezos is leading “the richest man alive” list by $80 Billion. Followed by Bill Gates of Microsoft and Mark Zuckerberg of Facebook. Elon Musk climbed up to the fourth in the list. Amazon’s second-quarter year revenue reported an increase of $88.9 billion. There was a staggering increase in online shopping behaviour due to the lockdown. People are more comfortable with online shopping these days. Online grocery sales tripled during the April-June quarter.
Since January amazon share price increased 82%. The shares which were valued at $1898 came close to $3441 per share on August 26th. The company is increasing the branches of its sales and adjusting to the increased demand of the customers during the global pandemic. Elon Musk also stated that Tesla Inc. will continue to bring technological Marvel and strive towards even better results.
