The ‘paradox’ of the COVID-19 season: The richest billionaire in the world gets richer, and you can get poorer

Tram Ho

With about 2 million infections worldwide, COVID-19 not only causes life-threatening damage but also affects the economy. Many countries are in a state of ‘freezing’ with a series of blockade and social separation orders being implemented to prevent the spread of COVID-19, invisibly causing the economy to stagnate.

For the super-rich, concerns about pandemics and falling oil prices have created a market crisis, hitting the billionaires in every country and every field. According to estimates by the Bloomberg Billionaires Index, the total assets of the world’s 500 richest billionaires will decrease by US $ 553 billion in 2020.

However, COVID-19 did not cause significant damage to billionaire Jeff Bezos, the richest person in the world at the moment. In contrast, the CEO of Amazon is richer than it was before the COVID-19 epidemic.

Nghịch lý mùa dịch COVID-19: Tỷ phú giàu nhất thế giới ngày càng giàu thêm, còn bạn có thể nghèo đi - Ảnh 1.

Since the beginning of 2020, Jeff Bezos’ total assets have increased by $ 24 billion

The fact that millions of people have to stay home has led to a surge in demand for online shopping on e-commerce platforms like Amazon. The boom in sales helped Amazon’s stock soar to 5.3% on Tuesday, helping Jeff Bezos’ fortune hit $ 138.5 billion. Since the beginning of 2020, Jeff Bezos’ total assets have increased by $ 24 billion.

Notably, Jeff Bejos’ ex-wife, MacKenzie Bezos, also benefited significantly from the rise in Amazon stock. Thanks to a 4% stake Amazon earned after the divorce, she earned an additional $ 8.2 billion, according to Bloomberg. To date, her fortune is $ 45.3 billion, becoming the 18th richest person in the world, right above Mukesh Ambani – India’s richest billionaire.

Amazon has had to hire an additional 100,000 new employees over the past four weeks to meet the sudden rising demand as a result of the global Covid-19 pandemic. However, the company recently said it will continue to add another 75,000 workers in the United States, for both full-time and part-time positions.

Similar to Amazon, shares of retail group Walmart benefit from COVID-19. The total assets of Walmart heirs including Alice, Jim and Rob Walton currently reach $ 169 billion, an increase of nearly 5% since the beginning of the year.

Nghịch lý mùa dịch COVID-19: Tỷ phú giàu nhất thế giới ngày càng giàu thêm, còn bạn có thể nghèo đi - Ảnh 2.

The more spread COVID-19, the more Amazon benefited

Meanwhile, the net worth of Eric Yuan, the founder of online meeting software Zoom Video Communications, has more than doubled to $ 7.4 billion due to increased demand for online learning / meeting in the context of a pandemic. .

According to Bloomberg, even though the COVID-19 epidemic has affected the wealth of billionaires, the super-rich themselves are still receiving support from the government’s largest economic stimulus package ever and Central banks of countries.

“The gap between rich and poor can only widen with the current situation. The ultra-rich have nothing to worry about. Their wealth levels have decreased slightly, but still not to the point where they need to make money to. run every meal or worry about not having a home to live, “Bloomberg quoted expert Matt Maley from Miller Tabak Investment Company, in the context of COVID-19 that pushed 17 million Americans into unemployment in the third round. last week.

Refer to Bloomberg

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Source : Genk