Jeff Bezos’s Wealth Hits $171.6B Strengthening His Position as World’s Richest Man

Amazon founder Jeff Bezos’s net worth soared to a new peak of $172 billion.

The billionaire’s net worth broke its previous peak on Wednesday as Amazon’s stock surged 4.4 percent to a record $2,878 value per share, boosting his fortune. This means he is richer now than he was prior to settling the most expensive divorce in history last year.

Bezos’ ex-wife MacKenzie took 25 percent of his shares, which meant at the time her stake was worth more than $35 billion, according to Forbes.

Bezos relinquished a quarter of his stake in Amazon.com Inc. to ex-wife Mackenzie Bezos as part of a divorce settlement last year. The wealth record set by Bezos tops his previous high of $167.7 billion, set on September 4, 2018. Despite the coronavirus crisis, Bezos has added $56.7 billion to his net worth just this year. The latest surge in his wealth has widened the gap between him and Bill Gates.

According to Comparisun, Bezos is on track to be the world’s first trillionaire by 2026.

The business software comparison site used data collected from the last five years of the Forbes Rich List to calculate the yearly wealth growth rate of the world’s richest billionaires.

Applying this annual growth rate over the coming years, the study concluded that Bezos could become the world’s first trillionaire in 2026 or sooner.

 

Bezos’ company, Amazon has been doing particularly well in recent months with the increased demand for online shopping due to the Coronavirus pandemic. As a result, the company’s share prices has increased.

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