Amazon CEO, Jeff Bezos, Gains $24bn Amid Pandemic

Jeff Bezos, the founder and boss of Amazon, has added almost $24bn to his fortune in the past four months. As people are confined to their homes, online shopping has become a savior. During the past few months, Amazon has seen a drastic increase in their orders and have also hired new employees to fulfill demands.

During the pandemic, Jeff Bezos’ net worth has increased to $138bn which is roughly a 20% increase. He is currently the richest man in the world since 2017. Amazon’s share price rose by 5.3% to reach a record high on March 31. Jeff Bezos owns an 11% stake in Amazon. With the rise of cases in America each day, the epicenter for virus has gone into a lockdown. Hence, the need for Amazon or online shopping will keep on increasing.

However, there are reports that there’s an increased workload on the warehouse employees, as reported by the Guardian. Many workers are situated at the frontline where packing and shipping take place and are at risk of being exposed to the virus. There’s a lack of preventing measures being taken into consideration for these employees at Amazon.

Others Who Have Benefitted From the Pandemic

If we talk about other people who have benefitted from the pandemic, then the second on the list comes the Waltons. The Walton family owns Walmart and Asda in the UK. The Waltons saw their net worth rise 5% this year to $169bn, making them the world’s richest family, according to Bloomberg.

As the lockdown globally kept increasing, schools and offices took the most hit. Hence, everything started taking place online. Classes, assignments, meetings – you name it. Zoom has become a household popular now and it’s founder, Eric Yuan, has seen his fortune double to $7.4bn.

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