Amazon’s Jeff Bezos adds $13 billion to his net worth in a single day – CNET

Jeff Bezos, still very rich.

Amazon CEO Jeff Bezos added $13 billion to his net worth on Monday. The financial development sets a record for the largest single-day increase by any one person since 2012, Bloomberg reported. This one-day increase is likely a result of Amazon's stock jumping over 7% on Monday after sliding last week.

Although the US economy has shrunk amid the coronavirus pandemic, Bezos remains one of the world's richest people. He is now worth $189.3 billion, according to the Bloomberg Billionaires Index. Bezos is reportedly on track to become the first trillionaire by 2026.

Subscribe to the CNET Now newsletter for our editors' picks of the most important stories of the day.

Amazon's earnings report in April revealed that the company's revenue jumped 26% to $75.5 billion in the first quarter, well ahead of Wall Street expectations, due to a surge in customer orders amid the pandemic.

In addition to being the CEO of Amazon, a company valued at over $1 trillion this year, Bezos owns the Washington Post newspaper and Blue Origin, a rocket and space travel company he founded in 2000. In February, Bezos reportedly spent $165 million on the Warner Estate, a historic Beverly Hills property, setting a record high for Los Angeles-area residential real estate transactions.

Here is the original post:

Amazon's Jeff Bezos adds $13 billion to his net worth in a single day - CNET