Business Standard

Jeff Bezos gains $24 billion while world's rich reap bailout rewards

The pandemic has brought the global economy to a near standstill and pushed almost 17 million Americans onto the unemployment rolls in the span of three weeks.

Jeff Bezos
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While the combined net worth of the world’s 500 richest people has dropped $553 billion this year, it has surged 20 per cent from its low on March 23, according to the Bloomberg Billionaires Index.

Bloomberg
The world’s richest person is getting richer, even in a pandemic, and perhaps because of it. With consumers stuck at home, they’re relying on Jeff Bezos’s Amazon.com more than ever. The retailer’s stock climbed 5.3 per cent to a record Tuesday, lifting the founder’s net worth to $138.5 billion.
 
The pandemic has brought the global economy to a near standstill and pushed almost 17 million Americans onto the unemployment rolls in the span of three weeks.
 
JPMorgan Chase & Co and Wells Fargo & Co signaled on Tuesday that loan losses fuelled by the unprecedented job cuts — many of

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