Despite coronavirus hammering traditional parts of the economy, the founders and bosses of Facebook, Amazon, Google, Microsoft, Netflix, Tesla and Twitter have grown their combined wealth from around £392billion to £572billion. Tech stocks have rocketed in value this year – with just a few companies driving a huge rally on US markets.
With many venturing out less often, they have shopped online, streamed films and worked from home. On Thursday night Amazon, Apple, Google and Facebook posted a combined £177billion in revenues and £29billion in profits for July to September.
Off the back of the strong sales, Amazon's share price has rocketed by more than 60 per cent so far this year – lifting the fortune of founder Jeff Bezos from £88.8billion to £146billion.
The 56-year-old is the world's richest man, with an 11.2 per cent share of Amazon. His ex-wife Mackenzie Scott, who also owns shares in the company, has seen her fortune jump from £28.7billion to £47billion. Facebook founder Mark Zuckerberg's wealth has increased from £60.6billion to £81.9billion as the social media giant's shares have surged 28 per cent. And Google founders Larry Page and Sergey Brin have seen their combined worth rise from £127.3billion to £146.3billion as parent company Alphabet's shares surged by 21 per cent.
Netflix founder Reed Hastings has gone from being worth £3.3billion to £4.7billion, while Microsoft founder Bill Gates has seen his fortune edge up from £87.3billion to £91.9billion.
The biggest jump in net worth has been that of Elon Musk, boss of electric car maker Tesla, who has gone from £21.3billion to £79.6billion a s shares rose by more than 350 per cent this year.
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