Jeff Bezos’ net worth has soared to an unprecedented $228 billion, according to the Bloomberg Billionaires Index. This marks a $7 billion increase from his previous peak of $221 billion earlier this year. Bezos’ wealth, primarily linked to Amazon’s stock, has surged due to a strong market rally following the US presidential election.
Amazon’s stock, which had already risen after a strong earnings report, hit a record high of $207.09 on Wednesday following Donald Trump’s re-election victory. This spike contributed to the Nasdaq 100, where Amazon is listed, reaching a new all-time high. Bezos, who holds nearly 9% of Amazon shares, has seen the value of his stake grow by over 40% this year.
On election day alone, Bezos and the other five billionaires gained nearly $53 billion, fueled by investor optimism about reduced regulations and corporate tax cuts under the Trump administration.
Jeff Bezos has a net worth of $230 billion USD.
He credits his success to the most powerful rule that exists:
The 1-hour rule.
Let’s see how YOU can implement this 🧵: pic.twitter.com/bQjYVOOBMh
— Manu Sisti 𝕏 (@manu_books) November 15, 2024Bezos congratulated Trump on his “extraordinary political comeback” but did not endorse any candidate during the election cycle. His Washington Post also abstained from endorsing a presidential candidate, which led to internal controversies, including resignations and a reported loss of over 250,000 subscriptions.
Read: Jeff Bezos Eyes Boston Celtics Purchase for $6 Billion
In addition to his financial milestones, Bezos donated $110 million 2023 to combat homelessness, addressing the growing crisis, particularly among families. This donation is part of his ongoing $2 billion pledge from 2018, which also funds free preschools and supports homeless families.
Last November, Bezos announced $117 million in new grants to organizations across the US and Puerto Rico, reaffirming his commitment to philanthropy amid his record-breaking financial achievements.
