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Wealth Giving Amazon CEO Jeff Bezos Beats His Own Record To Become The Richest Person Alive

Amazon CEO Jeff Bezos Beats His Own Record To Become The Richest Person Alive

Amazon CEO Jeff Bezos Beats His Own Record To Become The Richest Person Alive
(Image: Jim Watson/AFP)
By Annie Simpson
By Annie Simpson
July 07, 2020
He has amassed a fortune of an estimated US$172 billion

Newly published data in the Bloomberg Billionaires Index reveals that Jeff Bezos, CEO of tech giant Amazon, has a fortune that of US$171.6 billion—setting a new record for the richest man alive. Surpassing his previous high of US$167.7 billion, it is revealed that Bezos has gained approximately US$56.7 billion this year alone.
 
Much of Bezo’s wealth is tied to Amazon, with the CEO owning roughly 57 million shares, or 12 per cent, of the company. Despite the global outbreak of Covid-19, Amazon has gained even more business in recent months, as a result of worldwide lockdowns and the growing demand for online shopping.

(Related: How The World's Richest are Responding to the Covid-19 Pandemic)

Bezos’s previous record was set in 2018, before his divorce from wife Mackenzie Bezos. After the couple split in 2019, Mackenzie acquired a 4 per cent stake in Amazon. She currently has a net worth of US$56.9 billion—climbing to number 12 in Bloomberg’s ranking, and making her the second wealthiest woman alive to L’Oreal heiress Francoise Bettencourt Meyers.
 
Following Bezos on Bloomberg’s ranking are Bill Gates (with a net worth of US$115 billion), Bernard Arnault (with a net worth of US$93 billion) and Mark Zuckerberg (with a net worth of US$91.2 billion). 

Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association's Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. / AFP PHOTO / Jim WATSON
(Image: Jim Watson/AFP)

Bezos is also heavily invested in space tourism, with the billionaire reportedly selling US$1 billion a year in Amazon stock to fund Blue Origin, an aerospace manufacturer and spaceflight services company. In May of this year, Nasa named three privately-owned companies that would be building their own version of a lunar landing system, with Blue Origin and Elon Musk’s Space X both included.

(Related: Elon Musk and Jeff Bezos Compete to Design Moon Landing Systems for Nasa)

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Wealth & Giving Amazon Jeff Bezos Jeff Bezos net worth richest person alive richest man alive Amazon CEO Mackenzie Bezos

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