World’s Richest Man, Jeff Bezos Gets $6.4 Billion Richer Amidst Coronavirus Lockdown

As millions of people if not billions are affected by the Covid-19 pandemic, the world’s richest man, Jeff Bezos has been among very few peo...

As millions of people if not billions are affected by the Covid-19 pandemic, the world’s richest man, Jeff Bezos has been among very few people benefiting from the pandemic as his fortune grow by $6.4bn amidst lockdown, and Amazon is now worth $1.1trn after its shares hit a record high on Tuesday amid surging online orders amidst Coronavirus lockdown.


Bezos’s wealth has increased by roughly 20% over the last four months to the tune of $23 billion in 2020, cementing his position as the world’s wealthiest person with $138 billion.

Amazon has seen a massive surge in demand during the last four months, due to the coronavirus pandemic leading to people staying home and switching to online shopping.

The huge surge in demand has put significant strain on Amazon’s army of warehouse workers, who now find themselves on the frontlines and packed into warehouses where COVID-19 can easily spread.

Amazon reportedly hired 100,000 extra US workers to cope with demand, and is looking to hire a further 75,000.

But more than 74 US warehouses alone have now reported cases of the virus, and concerns from workers about safety and sanitation have ballooned, leading to employee walkouts and protests.

With stocks rocketing, Bezos, who currently owns an 11.2 percent stake in Amazon, saw his fortune grow by $6.4bn to $138bn, according to a Forbes estimate.

The 56-year-old company’s founder was last week named the world’s richest person for the third year running despite his divorce last year, which cost him $36bn – a quarter of his stake in the tech giant.

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CoNaija: World’s Richest Man, Jeff Bezos Gets $6.4 Billion Richer Amidst Coronavirus Lockdown
World’s Richest Man, Jeff Bezos Gets $6.4 Billion Richer Amidst Coronavirus Lockdown
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