(Ecofin Agency) – Jeff Bezos, founder of Amazon, saw his fortune increase by $ 71.5 billion in 7 months this year 2020. With the coronavirus and the lockdown that followed, his company’s services have exploded, as well than its market value.
Jeff Bezos (pictured), the boss of the internet logistics group Amazon, earned $ 71.5 billion between the 1is January and July 21, 2020, noted theEcofin Agency data collected on the S&P 500, the index which includes the 500 most valued companies in the American financial markets. The value of Amazon Inc. stock, which is listed on the Nasdaq, the New York technology stock exchange, rose 70% over the period analyzed.
In absolute terms, this makes this company the company that has gained the most in value in these times of uncertainty and volatility marked by covid-19, with an effective capital gain of $ 643.6 billion. 11.1% of this amount goes to Jeff Bezos, the equivalent of $ 71.5 billion of his fortune.
To this must be added the fact that the entrepreneur has sold a few shares since the start of the year. The sales for which the amounts are available are those of mid-February 2020, during which time he earned $ 4.1 billion in a series of transactions.
The billionaire is undoubtedly one of the winners of covid-19. With the confinement decided in all the states of the United States, Amazon was heavily asked to make deliveries. A paid service that investors have interpreted as an essential positioning for growth in turnover.
Amazon isn’t the only company that has made its owners rich. Bill Gates’ stakes in Microsoft increased his fortune by $ 5.2 billion. The 2013 billion $ in capital gains earned by Tesla, the producer of electric cars, earned South African-born Elon Musk the equivalent of $ 42 billion.
Among the losers is Warren Buffet. The highly listened to billionaire on these smart investments was surprised by covid-19. His business lost $ 83 billion over the period. Personally, it cost him $ 12.78 billion.
Idriss Linen
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