‘This year may have brought about the largest health crisis in generations, but if you’re Jeff Bezos, it also brought a windfall.
Though the International Monetary Fund has predicted the recession brought about by the Covid-19 lockdown could be the worst economic downturn since the Great Depression, Amazon founder Bezos has upped his considerable personal fortune by $23.6 billion. That’s a 5 percent increase in net worth. The staggering sum comes as many businesses are struggling to stay afloat (to say nothing of the many which have already gone under).
With people around the world in some form of self-isolation to ward off the novel coronavirus, Amazon has seen a surge in demand as consumers are forced to shop from home. The company has hired thousands of new workers to meet the need and has publicly stated it intends to hire 75,000 more. During this time, Amazon’s stock has likewise risen to new heights.’
Read more: Jeff Bezos’s Net Worth Has Increased by $24 Billion During the Covid-19 Pandemic