Jeff Bezos becomes the World’s first to have a net worth of over $200 billion

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The CEO of Amazon Jeff Bezos now has a net worth of $200 billion making the first person in the World to have such a net worth.

Forbes reported that 56-year-old was worth $204.6 billion as of 1:50 pm ET on Wednesday, August 26, when Amazon stock gained 2%.

Bezos 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 is the largest ever amassed even when taking inflation into account.

The report said Amazon’s stock price has been skyrocketing over the last few months, as millions of people have been forced to stay inside and order more products online due to the COVID-19 pandemic.

The company’s share price has surged more than 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 valuable company behind Apple, which is worth $2.16 trillion.

The tech entrepreneur, who’s also the head of rocket company Blue Origin, now has $77 billion more than longtime richest man Bill Gates, who sits in second place with just over $123 billion, according to the Bloomberg Billionaires Index.

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