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2020

Coronavirus has secured Jeff Bezos as the world’s richest person

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The rich get richer. Amid the global pandemic, Jeff Bezos, CEO and founder of Amazon, saw his wealth grow by $24 billion since the world’s been largely in shutdown. This brings his net worth to $143.1 billion, nearly $40 billion higher than the second-place Bill Gates, and almost twice that of Warren Buffett.

https://datawrapper.dwcdn.net/c0odz/3/

As hundreds of millions of people around the world shelter-in-place, the coronavirus pandemic brings Amazon’s core business to more doorsteps than ever before. From April 13 to 17, Amazon’s shares rose 16.4%, with their largest closing price ever on the 16th. Analysts forecast a dramatic 22% increase in revenue for the first quarter, ahead of results being released April 30. Bank of America analysts estimate revenue at $73 billion, translating to $10,000 a second, reports the Guardian.

Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.




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