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Jeff Bezos alone is worth more than the market valuation of of market giant firms such as Nike

Jeff Bezos has added another record worthy $13 million and his net worth on Monday. this is the largest single day spike for an individual since the Bloomberg billionaires index was created in the year 2012 to record the net worth of leading business tycoons of the world.
The shares of amazon.com zoomed up to a shocking 7.9%. This was the highest surge recorded since December 2018, leading to a rise in optimism and confidence about web shopping trends. Finally, this year has seen arise of 73% in the company’s shares.
Jeff Bezos, CEO of Amazon, is a 56 year old founder and also the world’s richest person. He has seen his fortune rise to $189.3 billion with the addition of $74 billion in the year 2020. This rise in his value comes at a sensitive time when the United States is seeing its worst economic downturn since the Great depression. What is much more shocking and mesmerizing is that Jeff Bezos alone is worth more than the market valuation of of market giant firms such as Nike, McDonald’s and Exxon Mobil.
Bezos ex-wife, Mackenzie Bezos, is also the 13th richest person in the world and has gained $4.6 billion on Monday.

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Other tech companies are also been benefited by the lock down as people are forced to stay at home and spend their time on internet. They are also being comforted by the the surplus measures as well as economic boosts and aid provided to the markets by unprecedented stimulus efforts taken up by the government and Central bankers. 7 out of the top 10 richest people across the globe are major players in the tech sector. One of the popular examples being Elon Musk, who has seen his fortune rising $47 billion so far in the year 2020. Mark Zuckerberg is the chief executive officer of Facebook Inc. and has also added another $15 billion to his net worth during this year so far, even when the company is dealing with massive social media boycotts with companies boycotting ads on the social network.

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