Amazon-led rally boosts Jeff Bezos and Big tech"s billionaire boys"

Amazon's chief executive officer Jeff Bezos

The online news platform attributed the rise in share price to be a direct result of rising optimism about online shopping trends, added the report.

According to the Bloomberg Billionaires Index, Bezos' is now worth $US189.3 billion.

Amazon CEO Jeff Bezos added a record $13 billion to his fortune on Monday amid a coronavirus-fueled boom for his e-commerce empire.

The tech tycoon has added $74.4 billion to his wealth so much this yr amid a 73 per cent surge in Amazon's inventory price tag. Analysts count on the Seattle-based mostly company's revenues to have surged 27 per cent to $80.7 billion, though revenue possible sank when compared to a 12 months in the past amid growing expenses, according to Bloomberg.

Bezos, di 56-year-old founder of Amazon and di world richest pesin, don see im fortune rise by $74 billion in 2020 to $189.3 billion, even as di United States dey enta im worst economic downturn since di Great Depression.

United States closes China's Houston consulate 'to protect intellectual property'
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Bezos first became a millionaire in 1997 after raising $54 million through Amazon's listing on the stock exchange.

Bezos famously started his company in his garage in the mid-1990s, rapidly expanding from selling books to establish an online juggernaut that spans the world.

Following Bezos is Bill Gates, with a net worth at $115 billion, then Bernand Arnault at $93 billion net worth, and Mark Zukerberg, who over the previous weekend was spotted in Hawaii, at $91.2 billion net worth. The $1.60 trillion market cap company trades in a 52-week range of $1,626.03 to $3,344.29.

You will be surprised to know that even his ex-wife, Mackenzie Bezos, is in limelight after gaining $4.6 billion on Monday. Seven of the ten richest people on the planet owe their wealth to the sector, including Elon Musk, whose fortune has soared US$47 billion so far in 2020.

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