Jeff Bezos became the first ever 200 billion dollars man in the world
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Mackenzie Scott, Jeff Bezos’s ex wife is just after the L’Oreal SA heiress Francoise Bettencourt Meyers in becoming the richest woman in the world. Recently, three new people have achieved staggering levels of personal wealth. Currently, the net worth of Amazon.com Inc, the founder of Jeff Bezos has eclipsed $200 Billion on Wednesday. The shares of the e-commerce giant climbed to a record and this move has consequently pushed Scott, his ex wife to the brink of turning up yo the world’s richest woman.
Meanwhile, Elon Musk had extended an extraordinary stretch of his wealth gains to that of becoming a centibillionaire. Tesla Inc shared it pushing his net worth to that of 101 billion dollars, as recorded by the Bloomberg Billionaires Index, a listing of the world’s 500 richest people. Tech companies had boosted the S&P 500 and Nasdaq Composite indexes to new highs. The gains achieved by Bezos who have recently turned to be 56 years old and Musk who represents the latest high water mark in terms of wealth accumulation seem to be going through a topsy-turvy year.
Making records amidst the pandemic
As per the reports, the 500 richest people in this world have recently gained 809 billion dollars so far in this year. It has achieved a 14% increase since the month of January. It is a global pandemic that caused a record drop in gross domestic product. In fact, millions of people worldwide have lost their jobs. Income inequality has been rising more than ever, and it has provoked sharp responses from several critics and politicians. The US Senator Bernie Sanders had introduced the legislation to tax ‘extreme’ wealth gains during the Covid 19 pandemic earlier in this year.
Thomas Hayes, the chairman of Great Hill Capital has recently said that Elon Musk and Bezos had changed the whole world. Their surge in wealth is particularly concentrated in the upper ranks of the billionaires index and has been fueled by tech stocks. As the pandemic has driven more people online, there is a rise in the number of retail investors who have been buying stocks at present. The US tycoons are not the only beneficiaries in this context, but even Mukesh Ambani in India became the first Asian to rank among the richest men in the world last month. Despite the global tensions, Alibaba Group and Tencent have also made it to the best!