Amazon CEO, Jeff Bezos has become the first ever individual in the World to have a total worth of $200 billion.
Forbes revealed that Bezos was worth $204.6 billion as of 1:50 pm ET on Wednesday, August 26, when Amazon stock picked up 2%. The 56-year-old who is now the most richest individual on the planet, saw his total assets increment to $204.6 billion from $74 billion during the range of 2020.
According to Forbes’ calculations, Amazon founder’s fortune is the largest ever amassed even when taking inflation into account.
The report said Amazon’s stock price has been skyrocketing over the last few months, as millions of people have been forced to stay inside and order more products online due to the COVID-19 pandemic.
The company’s share price has surged more than 100% since March 16, when it was trading for less than $1,700 per share.
Amazon is worth $1.72 trillion, making it the second most valuable company behind Apple, which is worth $2.16 trillion.
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