His groundbreaking success is believed to be triggered by the COVID-19 pandemic as sales increased when people were forced to do business remotely and mostly make online orders due to the worlwide lockdown. Although his wealth suffered a great loss at the beginning of the coronavirus pandemic.
At the close of market on Wednesday, Jeff Bezos' wealth at Amazon hit $182.6 billion. This is the highest figure Forbes magazine has recorded since over forty years of tracking billionaires. This record was made after Amazon's capitalisation reached $1.54 trillion on Wednesday. Bezos owns 11.1% of the company shares.
Bezos could have been unbelievably $240 billion rich today if he had not given part of his wealth to his ex wife. In 2019, Jeff Bezos gave $59.1billion of his shares to Mackenzie Bezos, his ex wife as part of their divorce settlement. Now Mackenzie Bezos is the second wealthiest woman on earth.
How He Started
One of the craziest spending Jeff Bezos will ever make is his investment in the 10,000 hour clock christened 'The Clock of The Long Now'. It is valued at $42 million. The mechanical clock is estimated to run for 10,000 years and is located in a mountain.
Business Insider describes Bezos as the world's richest man who has done very little for charity unlike Bill Gates and Mark Zuckerberg. Bezos has however pledged to donate $10,000 billion for the fight against climate change.
In April this year, his Amazon's employees cried out that Bezos did very little for their welfare during the COVID-19 pandemic. They said that some of their colleagues who test positive to COVID-19 were not revealed to the rest of the staff. They staged a peaceful protest for their members who suffered the coronavirus trauma.