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World's richest man becomes richer thanks to Coronavirus


The world's richest man, Jeff Bezos, has gotten richer during the coronavirus pandemic as shares in Amazon have shot up in value.

On Tuesday, the online retail company's share price rose by five per cent to an all-time high, which its founder Bezos profited from as a major shareholder.

According to the Bloomberg Billionaires Index, Bezos' assets have increased by $24 billion to $138.5 billion since the beginning of 2020.

Amazon's delivery services have been in great demand as people stay home during the coronavirus outbreak.

The retailer is struggling with demand and customers are facing long wait times or are unable to place orders.

Amazon has also been accused of not doing enough to protect employees working in factories or as couriers from the virus.

However, investors appear not to have been affected by this. Despite the general fall in stock market prices, Amazon shares have risen by almost 25 per cent since the beginning of the year.

New York (dpa)