Focus on Financial Topics, Can Foster Equal Opportunity For All Americans?

FURTHER READING 10 Billionaires Gained $51 Billion This Week As Markets Edged Up From The Stock Crash (Forbes)

In early February, Bezos sold over $4 billion worth of Amazon shares, netting him an estimated $3.1 billion after taxes

The stock has soared in 2020—despite the coronavirus downturn and widespread business shutdowns,

Focus on Financial Topics, Can Foster Equal Opportunity For All Americans?

with Amazon benefiting from skyrocketing demand as consumers who are stuck at home rely on online shopping more than ever.“Amazon AMZN became a utility in this crisis—defensive, reliable, indispensable,” Josh Brown, CEO of Ritholtz Wealth Management, said about the stock’s performance in a tweet on Tuesday.

BIG NUMBER

Amazon is the one of

the world’s largest companies, with a

Amazon market value of $1.14 trillion.

Bezos, who currently owns an 11.2% stake in Amazon, is already by far and away the world’s richest person:

As of 4:15 pm ET today, Forbes puts his net worth at $138 billion.

Jeff Bezos Gets $6.4 Billion Richer As Amazon Stock Hits A New Record High

Amazon stock hit a new all-time high on Tuesday, recouping its losses from the coronavirus-triggered

Amazon stock surged 5.3% on Tuesday, hitting a new record close of $2,283 per share. The stock is now up over 20% so far this year,

(Forbes) Jeff Bezos Has Now Sold Over $4 Billion Worth Of Amazon Shares In The Past Week (Forbes)

Amazon is the first major company to rebound from the coronavirus market selloff, which started in late February: It’s one out of only 28 stocks in the S&P 500 to do so.(Forbes)FURTHER READING

10 Billionaires Gained $51 Billion This Week As Markets Edged Up From The Stock Crash (Forbes)

WHAT TO WATCH FOR Bezos announced that he would give $100 million to Feeding America, a national nonprofit organization that operates a network of food banks and food pantries across the country. Jeff Bezos Announces $100 Million Gift To Nonprofit Feeding America

Full coverage and live updates on the Coronavirus

.

His recently divorced ex-wife, Mackenzie Bezos, who owns about 4% of Amazon, saw her net worth rise by $2.2 billion, to a total of $44.8 billion.

After facing criticism for how he is handling the coronavirus pandemic within Amazon’s warehouse (some workers have protested and called for more safety precautions),Amazon Fires Two More Employees After Calling Out Warehouse Working Conditions (Forbes)

The stock has soared in 2020—despite the coronavirus downturn and widespread business shutdowns, with Amazon benefiting from skyrocketing demand as consumers who are stuck at home rely on online shopping more than ever. As the company’s stock rises to a new all-time high, that’s made CEO and founder Jeff Bezos noticeably richer: His fortune grew by $6.4 billion on Tuesday, according to Forbes’ estimates. PROMOTED Bezos, who currently owns an 11.2% stake in Amazon, is already by far and away the world’s richest person: As of 4:15 pm ET today, Forbes puts his net worth at $138 billion. His recently divorced ex-wife, Mackenzie Bezos, who owns about 4% of Amazon, saw her net worth rise by $2.2 billion, to a total of $44.8 billion. CRUCIAL QUOTE “Amazon AMZN became a utility in this crisis—defensive, reliable, indispensable,” Josh Brown, CEO of Ritholtz Wealth Management, said about the stock’s performance in a tweet on Tuesday. BIG NUMBER Amazon is the one of the world’s largest companies, with a market value of $1.14 trillion. TANGENT In early February, Bezos sold over $4 billion worth of Amazon shares, netting him an estimated $3.1 billion after taxes. WHAT TO WATCH FOR After facing criticism for how he is handling the coronavirus pandemic within Amazon’s warehouse (some workers have protested and called for more safety precautions), Bezos announced that he would give $100 million to Feeding America, a national nonprofit organization that operates a network of food banks and food pantries across the country.