Jeff Bezos, the wealthiest person alive, is now richer than he’s ever been.
Bezos made his fortune from online retail giant Amazon, but has drawn increasing criticism over the company’s size and is slated to defend it at a Congressional tech antitrust hearing on Wednesday.
Bezos pledged to spend $10 billion to fight climate change in February and promised $100 million to food banks in April.
Bezos was the first person in modern history to accumulate a fortune of over $100 billion — and he currently has a net worth of $178 billion, Bloomberg estimates.
He spends his fortune on real estate across the US, a $65 million Gulfstream Jet, and his space exploration company, Blue Origin.
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The richest person in history is set to defend his online retail empire in front of Congress Wednesday.
The historic anti-trust hearing comes as Bezos’ net worth hits new highs — $178 billion, according to Bloomberg’s latest estimates. The billionaire’s net worth surge comes alongside a boost in Amazon’s share price, which has soared despite the coronavirus pandemic that’s upending the American economy. And Bezos’ agreement to surrender 25% of his Amazon stake to his ex-wife MacKenzie Scott in a divorce settlement last year ultimately didn’t slow down the growth of his wealth much either.
While Bezos has added $63.6 billion to his net worth in 2020 alone, per Bloomberg estimates, the coronavirus crisis has been an economic disaster for the rest of America, as an unprecedented 49 million Americans filed for unemployment benefits in recent months.
Bezos isn’t the only billionaire getting richer during the pandemic. Tesla’s Elon Musk and Zoom’s Eric Yuan both saw their net worths grow by more than $2 billion between March and June, …read more
Source:: Business Insider