Jeff Bezos breaks new record as his net worth tops $200 billion

The world's wealthiest man has gotten even wealthier.

August 26, 2020, 6:04 PM

The world's wealthiest man has crossed a new milestone.

Amazon CEO and founder Jeff Bezos became the first person to top $200 billion in net worth on Wednesday, according to Forbes' real-time data on billionaires.

PHOTO: Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks during an event in Washington, D.C., May 9, 2019.
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks during an event in Washington, D.C., May 9, 2019.
Mark Wilson/Getty Images, FILE

Bezos, 56, owns 11% of Amazon's stock, which has skyrocketed amid the coronavirus pandemic as people sheltered at home and demand for e-commerce soared. In April 2020, his net worth was a mere $113 billion, according to Forbes.

Amazon stock was up over 95 points (2.85%) on Wednesday.

Bezos' astronomical wealth gains come even as the COVID-19 pandemic has walloped the U.S. economy, and highlights the diverging experiences in this pandemic between the haves and the have-nots as the crisis exacerbates income inequality.

The second-wealthiest person, Bill Gates, still lags billions of dollars behind Bezos. Gates was worth $116.2 billion as of Wednesday, according to Forbes.

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