Amazon CEO Jeff Bezos's Net Worth Tops Pre-Divorce Height: Bloomberg Index

Andrew Cummings
July 3, 2020

That tops his previous high of US$167.7 billion, set on Sept 4, 2018, according to the Bloomberg Billionaires Index. Now his net worth is estimated at $171.6 billion - even more than it was before his costly divorce from MacKenzie Bezos, who has become the world's second-richest woman since then. He founded Amazon a year later. Bezos is the founder of Amazon, the world's biggest online retailer. She received 25% of the couple's Amazon shares as part of the settlement. He's now worth almost US$172 billion ($247.8 billion), a new record for the world's richest person, according to Bloomberg Billionaire Index.

Bezos' former wife, Mackenzie Bezos, who acquired a 4pc stake in Amazon as part of the couple's divorce proceedings has also seen a spike in her personal wealth.

MacKenzie's wealth also hit a record: She's now worth US$57b ($82.1b), making her the 12th richest person in the world.

Facebook's Mark Zuckerberg is now valued at around $90.2 billion, up $11.8 billion this year.

Much of Bezos' wealth is tied to Amazon. He owns roughly 57 million shares, or 12 per cent of the company. She's now valued at $56.9 billion, up $19.8 billion this year. Amazon said it would hand out $500 million in a one-off "Thank You" bonus scheme to workers globally.

Amazon's stock has seen a massive surge this year, adding $56.7 billion to Bezos's net worth so far, as the novel coronavirus (COVID-19) pandemic increased the demand for some of its core services, including the e-commerce segment, cloud computing business, and streaming video on demand service Prime Video. That move comes after the company eliminated a $2 hourly wage bump and double overtime pay for frontline workers at the end of May.

Even as the broader economy faced a recession, tech and stay-at-home stocks like Zoom have rallied in recent weeks, due to a surge in usage of video conferencing and remote work technology, thus boosting the net worth of billionaire founders with holdings in those companies.

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