Giants are lucky, full of money pockets during the epidemic

Luck at a time when the global economy is struggling because of Covid-19, the billionaires boom to see.

The richest billionaire of all time

Jeff Bezos, the Amazon boss, set a record of "pocketing" $ 6.4 billion after just one day after the stock rose above the all-time high. Amazon shares jumped 5.3% on April 14, reaching a new record of $ 2,283 per share.

This stock is currently up over 20% this year. The Amazon boss is worth an estimated $ 138 billion, far exceeding other wealthy billionaires in the world.

According to the Bloomberg Billionaire Index, the fortune of the Amazon founder is about $ 129.5 billion. He owns about 12% of Amazon's shares and this is also his biggest source of wealth. In addition, he holds a large stake in Blue Origin Aerospace Company with a value of about 6.2 billion USD.

The Amazon Empire and the richest billionaire of all time

Amazon has benefited as consumers' online shopping needs are surging amid the complicated Covid-19 epidemic. Trapped in the home, consumers are now increasingly relying on Amazon by billionaire Jeff Bezos more than ever.

In addition to the acquisition of Whole Food, Amazon also purchased a separate delivery service for vegetables Amazon Fresh. Both are willing to benefit from having people stay home. A spokesman for Amazon did not hesitate to express that: "This time is very interesting".

According to Forbes, Jeff Bezos' net worth has just increased by nearly 5% after Amazon shares rose above the all-time high.

According to the financial report, Amazon's net income in the fourth quarter increased to 3.3 billion USD, thereby raising the profit per share (EPS) of the group to 6.47 USD, higher than the USD 6.04 USD level of the same period last year.

For the whole of 2019, Amazon has a 20% increase in net revenue from the previous year, to $ 280.5 billion and a net income to increase to $ 11.6 billion, or an EPS of $ 23.01.

In cloud computing, Amazon Web Services (AWS) recorded a net revenue growth of 34% in the fourth quarter of 2019 compared to the same period last year, reaching 9,954 billion USD. AWS service revenue for the whole year of 2019 reached 35 billion USD, an increase of 9.34 billion USD compared to 2018.

The Amazon founder said he will support $ 100 million for Feeding America, a non-profit organization with a network of more than 200 food banks, nourishing more than 46 million people across the United States.

After that, Feeding America will quickly distribute the money to the organization's food bank network and food store network to help the needy families heavily affected by the Covid-19 pandemic.

Zoom stock thus doubled compared to the beginning of the year

His former wife, MacKenzie Bezos, also had an additional $ 8.2 billion thanks to a 4% stake in Amazon divided after divorce, giving her a fortune of $ 45.3 billion and ranking 18th on the list. by Bloomberg. She stands above both Mukesh Ambani and Carlos Slim (respectively the richest people in India and Mexico).

Benefit from stimulus package

Not only Amazon owners but many other billionaires operating in the field of investment or private equity funds benefit, thanks in part to the massive stimulus package that governments and central banks across the country The world is launching.

Shares of Walmart also increased, benefiting the richest family in the world. Alice, Jim and Rob Walton now have total assets of $ 169 billion, up nearly 5% since the beginning of the year until now.

Tesla CEO Elon Musk also added $ 10.4 billion. Shares of electric car maker Tesla have increased more than 100% since early January, helping its co-founder and CEO - Elon Musk - "pocket" $ 18 billion. He is also the billionaire whose assets have risen the most since the beginning of the year, according to the Bloomberg Billionaires Index.

The wealth of online meeting application founder Zoom - Eric Yuan - more than doubled to $ 7.4 billion. Zoom shares so doubled compared to the beginning of the year when people used this tool for everything from learning to meetings. However, Zoom share price has been going down in recent days due to the security warning.

According to UBS, billionaires are increasingly borrowing to take advantage of super-low interest rates, looking for real estate mortgages to get cash flow to pay off other loans, business investments. or property acquisition.

According to the Bloomberg News, last year, the world's 500 richest people added a total of $ 1,200 billion to their total assets. Among them, billionaires who get rich from two fields of technology and luxury goods are leading the list of additional assets in 2019.

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