Amazon boss Jeff Bezos’ Wealth increases to $24bn due to COVID-19 pandemic

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The founder and manager of Amazon has suddenly seen his wealth swell by $24bn (£19bn) in the wake of high demand for web based shopping firm due to the COVID-19 pandemic.

Jeff Bezos now has a fortune of $138bn, as indicated by the Bloomberg Billionaires Index, establishing his position as the world’s richest man.

Amazon has however profited from online shopping by individuals compelled to remain at home during the Covid-19 outbreak.

The firm has been employing a large number of laborers to adapt to request.

In any case, Amazon has likewise been condemned by representatives in the US over work place protection against the coronavirus. Mr Bezos claims a 11% stake in Amazon and on Tuesday, the association’s offers rose by 5.3%.

The family behind retail giant Wal-Mart, have likewise picked up during the lockdown.

With millions currently telecommuting, online video app Zoom has seen organizer Eric Yuan’s fortune more than twofold to $7.4bn.

The Bloomberg Billionaires Index said the world’s 500 most extravagant individuals have lost $553bn so far this year.

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