Amazon CEO Jeff Bezos became the world’s first person ever to hit a net worth of $200 billion on Wednesday, as the tech giant’s stock continued a steady climb that kicked off in mid-March, as the coronavirus pandemic hit the U.S.
By midday Wednesday, Amazon’s share price had climbed 2.3% to $3,423 per share — helping push Bezos past the $200 billion threshold in the process. For comparison, Bezos is personally worth more than Nike, McDonald’s and Pepsi, which are all valued between $139 billion and $191 billion.
Amazon’s stock price has been on a tear over the last few months, as millions of people have been forced to stay inside and order more products online; the company’s share price has surged more than 100% since March 16, when it was trading for less than $1,700 per share.
Read more at The Wrap.