JAKARTA – In the midst of the current COVID-19 pandemic crisis, Amazon CEO Jeff Bezos is reported to have added his fortune to more than 200 billion United States (US) or equivalent to Rp2, 938 trillion which again defeated Microsoft founder Bill Gates in second place. It is a fantastic number for Bezos, for the first time.
However, quoted from ForbesThursday, August 27, estimates Bezos has a value of 204.6 billion US dollars when the stock market closed last Wednesday. Meanwhile, Bloomberg pegged his fortune at 202 billion US dollars.
According to the US Department of Commerce, Bezos’ wealth is also equivalent to 1 percent of US gross domestic product, which reached US $ 21.6 trillion in the first quarter of 2020 but fell to US $ 19.4 trillion in the last quarter.
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Bezos’ fortune stems from his Amazon retail store which saw a surge in online sales during the COVID-19 pandemic, when many people switched to shopping online while at home. This has resulted in a surge in the company’s market capitalization shipments, which are currently worth $ 1.7 trillion.
In the last quarter, Amazon beat Wall Street’s expectations by reporting a net profit of approximately US $ 5.2 billion, even after warning investors that it would spend around US $ 4 billion on COVID-19 related reinforcements.
Earlier in the report BloombergBezos has seen his net worth nearly double during the pandemic, which has jumped 97 billion, or the equivalent of Rp1.4 trillion, from pandemic lows in early March.
Additionally, the 2020 SEC filing revealed that a large portion of Bezos’ wealth stems from his stake in Amazon, where he owns 11 percent. Do not stop there, Bezos also owns The Washington Post and space exploration company Blue Origin, which competes with Elon Musk’s SpaceX.
Meanwhile, a report from the Institute for Policy Studies found that Bezos had been the biggest beneficiary of the pandemic in terms of an increase in total net worth since mid-March.
Meanwhile Musk earned the highest percentage of profits with a 228 per cent boost, taking away his personal wealth. from US $ 24.6 billion before the pandemic to US $ 73.1 billion or approximately Rp1.7 trillion on August 13.
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