It’s no secret that during this pandemic the rich are getting richer. The richest of them all, Jeff Bezos, is making big money as more people rely on Amazon to service their needs while stuck at home. With Amazon’s stock printing fresh all-time highs, the chief executive of the e-commerce giant grew his net worth by $24 billion.
Quietly in the background, Jeff’S ex-wife MacKenzie Bezos is also raking billions. Her shrewd choice last year during the couple’s divorce settlement is paying off big time.
Prior to the divorce settlement, MacKenzie had interests in daily newspaper The Washington Post, space exploration company Blue Origin, and of course tech titan Amazon. MacKenzie was “happy” to give Jeff her stake in The Washington Post and Blue Origin. In return, she received 25% of the couple’s shares in Amazon (AMZN).
MacKenzie’s decision set the stage for her ownership of 19.7 million Amazon shares. At the time of the transfer, MacKenzie Bezos was worth $38.3 billion, which was good enough to land the 22nd spot on the Bloomberg Billionaire Index.
A lot has changed since, and MacKenzie’s clever choice is paying huge dividends.
MacKenzie Bezos is now the 17th richest person on the planet. Amazon’s tremendous gains over the last few weeks have allowed her to exceed the net worth of some of the world’s biggest tycoons. As AMZN climbed to an all-time high of $2,461, MacKenzie’s net worth surged to $47.7 billion.
Bloomberg reports that MacKenzie’s total net worth grew by $10.6 billion year-to-date. She surpassed Chinese business magnate and Tencent CEO Pony Ma, Indian oil mogul Mukesh Ambani and former Alibaba chairman Jack Ma.
MacKenzie Bezos’s fortunes would have changed if she chose to diversify and retained stakes in The Washington Post and Blue Origin. But she most likely knew which of Jeff’s companies would make the most money. She went all-in on Amazon and now her calculated gamble is paying off to the tune of billions of dollars.
The rich seem to be getting a lot richer during the coronavirus pandemic.
Disclaimer: This article represents the author’s opinion and should not be considered investment or trading advice from CCN.com.
Last modified: April 19, 2020 6:14 PM UTC