<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[Amazon’s Jeff Bezos net worth increases by $13B in one day]]></title>
        <atom:link href="https://usagag.com/2020/07/21/amazons-jeff-bezos-net-worth-increases-by-13b-in-one-day/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/07/21/amazons-jeff-bezos-net-worth-increases-by-13b-in-one-day/</link>
        <lastBuildDate>Tue, 21 Jul 2020 11:56:34 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/07/amazons-jeff-bezos-net-worth-increases-by-13b-in-one-day.jpg" medium="image">
            <media:title type="html">Amazon’s Jeff Bezos net worth increases by $13B in one day</media:title>
        </media:content>
        <content:encoded><![CDATA[<p>Amazon CEO Jeff Bezos added a record $13 billion to his fortune on Monday amid a coronavirus-fueled boom for his e-commerce empire.</p><p>A 7.9 percent jump in Amazon&#8217;s stock price helped the world&#8217;s richest man notch the largest one-day increase to any individual&#8217;s net worth in the history of <strong>Bloomberg&#8217;s Billionaires Index</strong>, which tracks the fortunes of the wealthiest people on Earth.</p><p>Bezos, 56, is now worth $189.3 billion — making him more valuable than major corporations such as McDonald&#8217;s, Exxon Mobile and Nike, <strong>according to Bloomberg</strong>.</p><p>The tech tycoon has added $74.4 billion to his wealth so far this year amid a 73 percent surge in Amazon&#8217;s stock price. The conglomerate has benefitted from increased demand for online shopping as lockdowns meant to control the COVID-19 pandemic shut consumers in their homes.</p><p>Amazon shares reportedly posted their best daily gain since December 2018 on Monday ahead of the firm&#8217;s second-quarter earnings report on Thursday. Analysts expect the Seattle-based company&#8217;s revenues to have surged 27 percent to $80.7 billion, though profits likely sank compared to a year ago <strong>amid rising costs</strong>, according to Bloomberg.</p><p>Bezos&#8217; 11 percent stake in Amazon makes up more than 90 percent of his net worth, while the rest comprises his space-exploration firm Blue Origin, the Washington Post newspaper and $4.5 billion in cash and other assets, Bloomberg says.</p><p>Other tech titans have also seen their fortunes explode even as the pandemic sparked the worst economic downturn since the Great Depression. Facebook CEO Mark Zuckerberg has added $14.8 billion to his wealth this year, while Tesla boss Elon Musk&#8217;s net worth has grown by $46.9 billion, including a <strong>$5.7 billion jump on Monday</strong>, Bloomberg&#8217;s rankings show.</p>]]></content:encoded>
                <dc:creator><![CDATA[USAGAG]]></dc:creator>
            </channel>
</rss><!--Time: 0.087357997894287-->