Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Corona-economy: Jeff Bezos Gains Record $13 Billion in a Single Day. How much did you add to your fortune today?

Corona-economy: Jeff Bezos Gains Record $13 Billion in a Single Day. How much did you add to your fortune today?

The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday.
The Bloomberg Billionaires Index put Bezos’ estimated net worth at $189.3 billion at the end of Monday. Bezos, who is the world’s wealthiest man according to both Bloomberg and Forbes, experienced the huge one-day spike in his net worth after Amazon stock surged during the day, thanks to a positive Wall Street forecast.

Amazon shares spiked by 8% on Monday after a Goldman Sachs analyst raised his target price for the e-commerce giant. Goldman Sachs raised the target price for Amazon, which projects what the stock’s value will be within the next 12 months, by about 28%, to $3,800 per share. The stock opened trading on Tuesday valued at $3,232.49 per share.

The bulk of Bezos’ personal wealth is tied to his more than 57 million shares of Amazon stock, so the company’s stock spike also sent his net worth soaring to the point that he’s on the precipice of becoming the first person in the world to officially boast a net worth of more than $200 billion. (Bezos likely would have already passed that milestone were it not for his nearly $40 billion divorce settlement with ex-wife MacKenzie Bezos in 2019.)

Of course, it’s nothing new for Bezos to experience huge wealth fluctuations. Any large swing in the stock market can mean billions of dollars lost or gained in a single afternoon for the world’s wealthiest man. (Microsoft co-founder Bill Gates is second on Bloomberg’s billionaire rankings, with an estimated net worth of $118 billion, as of Tuesday.)

In fact, Bezos lost over $7 billion from his net worth overnight in early-March after the global coronavirus pandemic roiled global markets and sent Amazon’s stock plunging. However, Amazon’s business has mostly performed well throughout the pandemic, as global lockdowns led to more customers shopping online while many of Amazon’s brick-and-mortar competitors struggled or shut down.

In general, billionaires have seen their net worths swell this year, even with unemployment numbers soaring, as markets have rebounded from losses experienced during the beginning of the pandemic. Bezos himself has added more than $74 billion to his net worth since the start of 2020, according to Bloomberg’s estimates.

The rise in Bezos’ wealth has further increased speculation that he could eventually become the world’s first trillionaire.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×