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Jeff Bezos, world's first person to hit $200 bn net worth

Aug 27, 2020 12:18 IST

Even though the coronavirus pandemic has been hitting businesses and economies hard, Amazon CEO Jeff Bezos became the first-ever person in the world to hit a net worth of $200 billion. On August 26, Amazon’s share price climbed 2.3% to $3,423, helping Bezos enter the $200 billion net worth territory. Amazon stock has rallied nearly 80% since the beginning of 2020. Bezos' roughly 11% stake in Amazon makes up more than 90% of his fortune. Bezos, the world's richest man is worth $202 billion as of August 27. He is $76 billion richer than Bill Gates, who is the world's second-richest person, currently worth $124 billion, as per the Bloomberg Billionaires Index.

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