Jeff Bezos To Become World’s First Trillionaire Despite COVID-19

Jeff Bezos, American Billionaire may hit the trillionaire figure soon due to the rate at which his company, Amazon’s value is rising.

If this happens, it would make him the world’s first trillionaire.

The share prices for amazon has been rising since the implementation of the lockdown by governments of various parts of the world, making Amazon the must obvious alternative for people to get their items from, the ripple effect is increase in turnover for Amazon and also Jeff Bezos’ net worth.

Recall the Amazon founder, Jeff Bezos who has retained his top spot, was named the world’s richest man of 2020.

According to Forbes’ list, as of March 18,

“2,095 billionaires were recorded, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Of the billionaires who remain, 51% are poorer than they were last year. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019”.

Jeff Bezos, topped the list for the third year in a row, despite giving $36 billion worth of his Amazon stock to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer.

Bezos is worth $113 billion, buoyed by a 15% rise in Amazon’s shares since Forbes’ 2019 list. Amazon has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.