Elon Musk’s fortune exceeded $ 100 billion for the first time, Jeff Bezos surpassed $ 200 billion

The net worth of Amazon founder Jeff Bezos surpassed $ 200 billion on Wednesday after shares of Amazon rose to record highs. This move also pushed the fortune of Ms. MacKenzie – Mr. Bezos’ ex-wife to a new record, becoming the second richest woman in the world after L’Oreal.

Meanwhile, Elon Musk also increased his wealth and entered the group of “centibillionaire” for the first time (those who own over 100 billion dollars). Tesla shares surged on Wednesday pushing Elon Musk’s fortune to $ 101 billion, according to Bloomberg statistics.

The group of tech firms pushed the S&P500 and Nasdaq Composite to new highs for four consecutive days on news that the Fed will keep interest rates near zero in the short term for at least five years.

It is worth mentioning that the wealth of the world’s richest people continues to increase amid the economic downturns everywhere. The world’s 500 richest people have made $ 809 billion this year, up 14% since January, although the Covid-19 pandemic has caused GDP in many countries to plunge and millions of people have lost their jobs.

Income inequality?

The rise in income inequality has provoked tough reactions from many politicians. US Senator Bernie Sander earlier this month proposed legislation to tax the rich during the crisis.

“We cannot continue to allow billionaires like Jeff Bezos and Elon Musk to become ‘dirty’ rich people while millions of Americans face poverty, economic downturn. It’s time we need it. fundamental changes to national priorities “.

Others consider the vast wealth of people like Elon Musk and Jeff Bezos to be fair because they earn through building their own businesses. “When you look at Musk and Bezos, it’s understandable that somehow, they’ve changed the world,” said Thomas Hayes, chairman of Great Hill Capital.

The wealth growth is particularly focused on super-billionaires and mostly tech stocks – driven by more users in the online shift. That also includes an increase in the number of retail investors buying stocks.

Musk, 49, is currently one of four “centibilianaires” in the world. He has seen his net worth rise $ 73.6 billion this year, up from Jeff Bezos’ $ 87.1 billion. The net worth of Facebook boss Mark Zuckerberg also reached $ 100 billion earlier this month. Particularly in Wednesday, Mark also saw a net worth of 8.5 billion USD.

American tech billionaires aren’t the only ones benefiting. Indian tycoon Mukesh Ambani became the first Asian to rank in the list of the 5 richest people in the world last month. He pocketed another $ 22.5 billion this year thanks to the soaring price of Reliance Industries, which he owns.