Amazon, Rising Alone Amid Market Crash... Jeff Bezos Earned 6 Trillion Won This Year

▲Jeff Bezos, Amazon CEO [Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Jeff Bezos, CEO of Amazon, has seen his wealth increase by $5.1 billion (approximately 6.2 trillion KRW) so far this year.

Despite the global stock markets plunging about 20% in the first quarter due to the impact of the novel coronavirus (COVID-19), Amazon's stock price rose 5.43% during the same period.

According to US CNBC, while tech giants like Apple and Alphabet saw their stock prices fall by 13.4% and 13.25% respectively in the first quarter, Amazon was the only one to increase by 5.43%, as reported on the 31st (local time).

Bezos, who has maintained the top spot in Bloomberg's billionaire rankings, had a net worth of $120 billion (approximately 146 trillion KRW) as of the 1st (Korean time).

Bill Gates, founder of Microsoft, ranked second with a decrease of $13.6 billion, totaling $99.5 billion. Other notable declines include Bernard Arnault, chairman of Louis Vuitton Moet Hennessy (LVMH) (-$30.3 billion), Warren Buffett, chairman of Berkshire Hathaway (-$17.8 billion), and Mark Zuckerberg, CEO of Facebook (-$14.5 billion).

Meanwhile, according to Bloomberg's data, as of the end of March, the global stock market capitalization (based on 86 countries) stood at $86.99 trillion, down $18.5274 trillion (21.3%) since the beginning of the year.

This content was produced with the assistance of AI translation services.