US stock markets rapidly increase tech giants’ net worth
Amjon founder Jeff Bezos’s assets cross $ 200 billion
His ex-wife one step away from becoming the world’s richest woman
Elon Musk of Tesla Inc. joins the $ 100 billion club
In the Corona era, where the economy of many countries of the world is in trouble, the wealth of the world’s top rich is increasing at the rate of fourfold day and night. Continued for four consecutive sessions in the US stock markets, the personal wealth of three of the world’s top rich people has increased drastically. The net worth of Jeff Bezos, founder of Amazon.com, the world’s richest person, crossed $ 200 billion on Wednesday. The reason for this is that the shares of the company reached record level on Wednesday. This has also brought his ex-wife MacKenzie Scott closer to becoming the world’s richest woman. Now ahead of them only Francoise Bettencourt Meyers of L’Oreal SA.
Meanwhile Elon Musk also joined the $ 100 billion club. According to the Bloomberg Billionaires Index, shares of Tesla Inc. on Wednesday rose to a net worth of $ 101 billion. Shares of tech companies rose sharply for the fourth consecutive session in the S&P 500 and Nasdaq Composite indexes. The Federal Reserve’s short-term interest rate is likely to be around zero for at least 5 years. Due to this news, US stock markets are trending steadily.
How much wealth the rich have increased this year
The wealth of the world’s 500 richest people has increased by $ 809 billion, or 14 per cent so far this year, while the corona virus epidemic has caused a steep decline in GDP and left millions unemployed. Musk’s assets grew by $ 73.6 billion this year while Bezos’ wealth grew by $ 87.1 billion. Facebook Inc.’s Mark Zuckerberg’s net worth crossed $ 100 billion this month. On Wednesday alone, it increased by $ 8.5 billion.
Mukesh Ambani also benefited
The rapid rise in the stock markets has not only benefited the American tech giants, but also Mukesh Ambani, the richest man in India and Asia. Last month he joined the list of the 5 richest people in the world and became the first person in Asia to achieve this position. The net increase in the shares of Reliance Industries Ltd. increased its net worth to $ 22.5 billion this year.