Skip to navigationSkip to content
NOT EVEN CLOSE

Coronavirus has secured Jeff Bezos as the world’s richest person

Jeff Bezos looking particularly happy at a conference
AP Photo/Charles Krupa
Amazon CEO Jeff Bezos didn’t need loads more money, but Covid-19 ensured he got it anyway.
  • Daniel Wolfe
By Daniel Wolfe

Things reporter

The rich get richer. Amid the global pandemic, Jeff Bezos, CEO and founder of Amazon, saw his wealth grow by $24 billion since the world’s been largely in shutdown. This brings his net worth to $143.1 billion, nearly $40 billion higher than the second-place Bill Gates, and almost twice that of Warren Buffett.

As hundreds of millions of people around the world shelter-in-place, the coronavirus pandemic brings Amazon’s core business to more doorsteps than ever before. From April 13 to 17, Amazon’s shares rose 16.4%, with their largest closing price ever on the 16th. Analysts forecast a dramatic 22% increase in revenue for the first quarter, ahead of results being released April 30. Bank of America analysts estimate revenue at $73 billion, translating to $10,000 a second, reports the Guardian.

Enrich your perspective. Embolden your work. Become a Quartz member.

Your membership supports a team of global Quartz journalists reporting on the forces shaping our world. We make sense of accelerating change and help you get ahead of it with business news for the next era, not just the next hour. Subscribe to Quartz today.

こちらは英語版への登録ページです。
Quartz Japanへの登録をご希望の方はこちらから。