Jeff Bezos Now Worth More Than $200 BillionThe Amazon CEO continues to be the world's chief beneficiary of quarantine consumer culture.
ByKenny Herzog•
Worldwide closures of brick-and-mortar retail have only shored up online-retail giant Amazon's grip on consumer spending habits. Need proof? Yesterday's updatedBloomberg Billionaires Index(yes, that's a thing) confirmed that Amazon CEO Jeff Bezo's net worth now totals $202 billion, up by more than $5 billion from the previous accounting and nearly $90 billion since this time last year.
CNN attributesthe bump to Amazon's soaring stock valuation, which is up by an astounding 86 percent so far in 2020. If the notion of one man — in one asset-based form or another — possessing that much sovereign wealth makes you uneasy, at least the guy ispledging some of itto climate change. And you can always still do the bulk of your online ordering directly through merchants, particularly now that most businesses haveramped up their ecommerce efforts.
And in case you were curious, the individual at the bottom of Bloomberg's 500-person list as of this writing? India industrialist Vikram Lal, just barely edged out by New York Jets owner Woody Johnson, who also happens to be President Trump's U.S. Ambassador to the United Kingdom.
