  Jeff Bezos nearing title of first person ever to be worth $200 bn August 26, 2020 - 17:54 AMT PanARMENIAN.Net - Amazon founder Jeff Bezos is closer than ever to a historic title: the first person ever to be worth $200 billion, Forbes says. On Tuesday, August 25, the shares of Amazon, which Bezos founded in 1994 and leads as chief executive, rose 1.2%—pushing Bezos’ net worth up by $2.2 billion, to a record $199.7 billion. Because he owns such a large percentage of the tech giant, even modest moves in the stock price can add or subtract billions from his fortune. The record comes just a week after Bezos—who has an 11.1% stake in the $1.68 trillion (market capitalization) company—reached a net worth of $197.8 billion, the highest fortune Forbes had recorded since we started tracking billionaires in 1982. Since the pandemic shook the economy in mid-February, Amazon stock has risen by more than 55%, thanks to an increasing appetite for online shopping due to shelter-in-place orders. Bezos’ fortune has risen nearly $86 billion in just under 12 months. He was worth $114 billion on the 2019 Forbes 400 list of richest Americans, which used stock prices from early September 2019. Bezos would have already surpassed the $200 billion mark had he not gone through the costliest divorce in history. In July 2019, Bezos ended his 25-year marriage and transferred a quarter of his Amazon shares to his now ex-wife, MacKenzie Scott, who currently owns an estimated 3.8% of the company.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Armenian, Saudi Foreign Minister meet in Riyadh  The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh.Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |
