The founder and CEO of Amazon, Jeff Bezos, and his ex-wife, MacKenzie Scott, have seen a substantial boost in their wealth, collecting a stunning $3.16 billion together.
TheTimes reported that this increase coincides with an extraordinary rise in the value of Amazon’s shares, according to statistics obtained from Forbes.
Jeff Bezos’ net worth increased by about $2.5 billion, bringing it to an astonishing $160.6 billion, according to Forbes’ Billionaire Index. This increase in wealth happened during Thursday’s most recent market trading session.
MacKenzie Scott, in contrast, saw an increase in her net worth of $662 million, bringing her total wealth to $37 billion. She has a 4% financial stake in Amazon amounts to 4%, contributing significantly to her valuation.
The extraordinary performance of Amazon’s stock is the main reason for this incredible $3.16 billion gain.
Amazon’s shares have risen significantly during the past six months, gaining by nearly 46%, translating to an increase in value of roughly $93.92.
Amazon’s share price has increased by a stunning 60% year-to-date, or $85.82. Amazon’s shares began trading on a Wednesday at $133.9 and ended the Thursday trading session at $137.85.
Both Jeff Bezos and MacKenzie Scott continue to have stock in Amazon, which has been essential to their financial development. It’s important to remember, meanwhile, that Amazon currently faces significant regulatory difficulties.
To address concerns about competition in the e-commerce industry, the U.S. Federal Trade Commission is considering filing a case against the corporation.
Regulation worries are further heightened by the rising scrutiny of Amazon’s commercial practices within the European Union.
Despite these difficulties, some analysts still believe that Amazon’s share price is excessive when compared to the 5% risk-free cash dividends. This evaluation is particularly noteworthy in light of the slowing of yearly sales growth, which is anticipated to slip into the single digits in 2022–2023.
In 1994, Jeff Bezos started Amazon, first out of his Seattle garage. He gave up his CEO position in 2021 to become the executive chairman, keeping ownership of just under 10% of the company.
Bezos gave MacKenzie a quarter of his then-16% Amazon stock after divorcing her in 2019 after a 25-year marriage. Jeff Bezos is now engaged to Lauren Sánchez.
MacKenzie Scott’s 4% ownership of Amazon has increased from its initial $24.4 billion to its impressive $37 billion as a result of subsequent market dynamics, a staggering $13 billion (51.64%) growth.
