One Man has made $24 billion during the COVID-19 Pandemic

The world's richest person is getting even richer, even in a pandemic, and perhaps because of it.

Jeff Bezos the Amazon CEO who owns 11% of Amazon has seen his net worth increase by roughly 20% this year to an eye-watering total of $138 BILLION!

Amazon has seen a massive surge in demand during the last four months, due to the coronavirus pandemic leading to people staying home and switching to online shopping.

As the US’s coronavirus outbreak first spread, Bezos saved himself from larger losses by selling a large portion of his shares. He then benefited from the best three-day stock market rally since 1933. The last-minute rally in markets erased all previous losses and pushed the stock up to record highs.

Amazon has already hired more than 100,000 extra workers to meet demand and is looking to hire another 75,000 workers. This is all well and good but the current workers say they feeling unsafe at work as the first Amazon warehouse worker death was confirmed in California USA.

Amazon has implemented a 6-foot distancing rule and has supplied cleaning materials such as hand sanitizers and worktop sanitizers. In addition, everyone gets their temperature checked when they enter the premises.

Another person who has enjoyed the recent success of Amazon is Jeff Bezos’s ex-wife MacKenzie Bezos. Her net worth has increased by $8.2 Billion and she has not pushed India's richest man Mukesh Ambani to take the 19th place on the world rich list.

Comment if you hold any Amazon shares and have benefited from this amazing rally.

The sad reality from the massive stimulus being put in place is that it will drive equities and other investments much higher which in turn with further fuel the wealth gap.