Bloomberg
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Jeff Bezos's net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year.
Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founder's world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.
His gains -- $56.7 billion this year alone -- underscore a widening wealth gap in the U.S. during the worst economic downturn since the Great Depression. Initial public offerings and buoyant equity markets have bolstered mega-fortunes, even as tens of millions of people have lost their jobs. This week, after receiving complaints about ending pandemic hazard pay, Amazon said it would spend about $500 million to give one-time $500 bonuses to most front-line workers.
Amazon has been on a tear, with the pandemic accelerating the consumer shift to e-commerce from brick-and-mortar retail. Bezos owns 11% of the stock, which comprises the bulk of his fortune.
Mackenzie Bezos, who acquired a 4% stake in Amazon after the couple split, has a net worth of $56.9 billion and climbed to No. 12 in Bloomberg's ranking. She recently leapfrogged Alice Walton and Julia Flesher Koch to become the world's second-wealthiest woman, and now trails only L'Oreal heiress Francoise Bettencourt Meyers.
But most have weathered the downturn. The collective net worth of the world's 500 richest people now stands at $5.93 trillion, compared with $5.91 trillion at the beginning of the year.
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