The rich who made $ 5.5 billion despite the world’s losses

At a time when thousands of employees in the world lose their jobs and thousands of companies stop working due to the “Corona” epidemic that is sweeping the world, a lucky American investor has managed to achieve more than $ 5.5 billion in profits during the current year alone in which many people have suffered severe losses.

Amazon CEO and wealthiest man in the world, Jeff Bezos, managed to achieve these gains despite the collapse of US stock markets due to the spread of the Corona pandemic, and he managed to increase his financial wealth through buying and selling at the right time.

According to the details published by the British newspaper “The Guardian” and seen by “Al Arabiya Net”, Bezos managed to increase his financial wealth by $ 5.5 billion from what it was on the first day of the current year 2020, and among these $ 5.5 billion there are 3.9 A billion achieved by Bezos in one day, and it was only last Thursday.

Bezos is 56 years old, and his financial wealth amounts to 120 billion dollars, after his recent profits, and thus ranks on the throne of the richest person in the world. Bezos is the CEO of Amazon and owns 12% of the company’s shares.

As for how Bezos was able to achieve these huge profits during the current year, it appears from the financial statements in the United States that the man sold stocks from “Amazon” in the first week of the month of February, at a value of $ 3.4 billion, and the prices were nearing their peak before they escalated The pace of the “Corona” crisis that led to the market crash.

It turned out that Bezos’ sale of these shares helped him to avoid severe losses that he would have incurred after a few days when the shares collapsed and recorded the sharpest decline in decades. After that, Bezos was able to achieve gains from the rise in the American markets last week, which he ended up achieving gains With more than five and a half billion dollars, compared to what his wealth was earlier this year.

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