Jeff Bezos Becomes the First Person Whose Worth is USD 200 Billion

After Amazon stock prices increased two percent

 

Amazon’s CEO Jeff Bezos has become the first person with the worth of USD 200 billion (about AUD $273B). It happened on Wednesday when Amazon’s stocks soared by 2.85 per cent to reach USD 3,441.85 (about AUD 4706.45) per share. As a result, Bezos’ wealth reached the mark of USD 202 billion (about AUD $276B).

 

One of the things that helped Jeff Bezos to achieve this massive milestone is the ongoing coronavirus pandemic. His net worth has increased by about USD 87 billion, mainly because of the fact that people are relying heavily on Amazon during these testing times to avoid stepping out and enjoy their time indoors. This pandemic has also proved to be a boon for Tesla CEO Elon Musk, whose fortune rose by USD 73.6 billion (about AUD $100B).

 

By becoming the first person with a worth of 200 billion, Jeff Bezos has raced past his closest competitor Bill Gates whose worth around USD 124 billion (about AUD $169B). Facebook’s Mark Zuckerberg’s net worth is about USD 115 billion (about AUD $157B).

 

The past few days have been very good for Jeff Bezos as he joined the $100 billion club just over a week ago, having a net worth of about USD 197.8 billion (about AUD $270 B).

 

The news of Jeff Bezos being the first person with such a massive worth is not quite surprising for people who have been keeping up with his other recent accolades. He had a $19 billion AUD day recently. Experts have also been predicting that Jeff Bezos will be the world’s first trillionaire in the next couple of years.

 

In case you are wondering why Jeff Bezos’ worth of USD 200 billion is such big news, then let us give you an example. If you want to achieve the worth of USD 200 billion like him on the basis of the baseline figure of AUD $75,000, it will take you about 3,683,241.12 years. Yes, that’s over a million years before the Ice Age. It’s a time where humans were probably learning how to stand upright!