Second Place Bill Gates Trails by $78 Billion... Amazon Market Cap Surpasses $1.7 Trillion

Jeff Bezos Amazon CEO <span>[Photo by AP Yonhap News]</span>

Jeff Bezos Amazon CEO [Photo by AP Yonhap News]

View original image


[Asia Economy Reporter Jeong Hyunjin] Jeff Bezos, CEO of Amazon and the world's richest person, has become the first in the world to surpass $200 billion (approximately 237 trillion KRW) in wealth.


According to the billionaire index compiled by Bloomberg on the 26th (local time), CEO Bezos's net worth was recorded at $202 billion, an increase of $5.22 billion (2.6%) compared to the previous day. Compared to the beginning of the year, it has increased by $87.1 billion (75.8%).


This gap is $78 billion (approximately 92 trillion KRW) more than Bill Gates, co-founder of Microsoft (MS), who ranks second in personal wealth. It is also twice the wealth of Elon Musk, CEO of Tesla, whose assets surged to $101 billion due to Tesla's recent stock price increase.


CEO Bezos's asset growth is due to the rise in Amazon's corporate value. Of the total $202 billion, $188 billion is Amazon stock. Amazon's stock price has risen 86% compared to the previous year. Bezos, who became the world's richest person in 2017, set a record in 2018 by surpassing $150 billion in personal assets.


Amazon's stock price continues to soar as online shopping demand surged due to the COVID-19 pandemic. On this day, Amazon's market capitalization exceeded $1.7 trillion, maintaining its position as the second most valuable company in the U.S. after Apple.


CNBC reported that if CEO Bezos had not divorced his wife Mackenzie Scott last year, his wealth would have surpassed $200 billion earlier. Mackenzie Scott received 4% of Amazon stock worth approximately $37 billion as part of the divorce settlement last year.



According to Bloomberg's billionaire index on this day, Mackenzie Scott holds $66 billion (approximately 78 trillion KRW) in assets, ranking as the 13th richest person worldwide. She is the second richest woman after Fran?oise Bettencourt Meyers, granddaughter of the founder of L'Or?al. Recently, she dropped the Bezos surname and changed it to Scott.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing