Jeff Bezos Added $13 Billion To Net Worth In Highest One Day Increase Yet

Jeff Bezos, the richest person in the world, added a whopping $13 billion to his net worth on Monday, July 20, alone.

Now, the CEO is said to be worth an eye-watering $189.3 billion, gaining an impressive $74 billion in 2020, despite the US economy dramatically shrinking as a result of the current health crisis.

But, as with the financial uncertainty that has come with the pandemic, gargantuan sums of money are regularly being lost and found again, among the circles of the wealthiest elite.

It’s unsurprising Amazon is doing well, with millions of shoppers forced to remain behind closed doors and opt for online ordering instead of hitting the high street.

In fact, Bezos’ stock price has soared by an incredible 69% since March 18, with its market cap reaching a record $1.5 trillion.

He owns 11% of Amazon’s stocks, which has allowed his fortune to rise so dramatically, even after handing $36 billion in stock to ex-wife Mackenzie Bezos as part of a divorce settlement last year.

And, Bezos isn’t alone in seeing his cashflow grow during the health crisis. New statistics from Americans for Tax Fairness and the Institute for Policy Studies found that more than 600 American billionaires have had their wealth grow by an average of $42 billion during each week of the pandemic, between March 18 and July 16, totalling more than $700 billion.

It’s a tale as old as time. Millions of people have been badly hit by circumstances out of their hands, and will spend the next few years drastically trying to recover what they have left, while the rich continue to get richer.