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Jeff Bezous becomes the world first person to have a net worth of $200 billion.


Amazon CEO, Jeff Bezos has become the first person in the World to own a net worth of $200 billion.

Forbes reported that Bezos was worth $204.6 billion as of 1:50 pm ET on Wednesday, August 26, when Amazon stock gained 2%. The 56-year-old who is already the richest person in the world, saw his net worth increase to $204.6 billion from $74 billion during the span of 2020. 

According to Forbes' calculations, Amazon founder's fortune for now is the largest ever amassed even when taking inflation into consideration.

The report said Amazon’s stock price has been skyrocketing over the previous couple of months, as many people are forced to remain inside and order more products online because of the COVID-19 pandemic. 

The company’s share price has surged quite 100% since March 16, when it was trading for less than $1,700 per share.

Amazon is worth $1.72 trillion, making it the second most respected company behind Apple, which is worth $2.16 trillion.

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