Jeff Bezos adds £10bn to personal fortune in single day due to surge in Amazon share price

Amazon Founder and CEO Jeff Bezos.

Amazon Founder and CEO Jeff Bezos.

Amazon founder and the world’s richest man – Jeff Bezos – saw his vast fortune increase by £10bn in a single day on Monday, after shares in the online retail giant rose nearly 8%.

Bezos’s personal fortune is now estimated to be worth around £148bn – with many financial experts expecting it to rise significantly further before the end of the year.

His wealth has increased £58bn this year alone and Amazon shares have soared by more than 70% in 2020 – largely down to the impact the coronavirus has had on the retail sector.

Ahead of Amazon’s Q2 results, Bezos said: “From online shopping to AWS to Prime Video and Fire TV, the current crisis is demonstrating the adaptability and durability of Amazon’s business as never before.

“If you’re a shareowner in Amazon, you may want to take a seat, because we’re not thinking small. Under normal circumstances, in this coming Q2, we’d expect to make some $4bn or more in operating profit.”