Men – who build nations, Forbes reports.
The world’s richest person, Jeff Bezos, is wealthier than he’s ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos’ net worth is up by $4.9 billion, making the 56-year-old the world’s first-ever person to amass a $200 billion fortune.
Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos’ net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.
Then, Bloomberg reports that the top 500 richest people have gained $809 billion in 2020. That is a solid 14% increase in a season when millions are unemployed with paralyses everywhere. “We cannot continue to allow billionaires like Jeff Bezos and Elon Musk to become obscenely rich while millions of Americans face eviction, hunger and economic desperation,” Sen. Bernie Sanders said Wednesday in a statement reported by Bloomberg.
The vices of technology – massive dislocation through the efficiency in the utilization of factors of production. With labour now plug and play (hello remote work, unbounded by geography), all power to the gods of money!