Nothing like a $12-billion payday heading into the weekend. Jeff Bezos and his ex-wife MacKenzie are the epitome of the old saying “The rich just keep getting richer” as the two cruised into the weekend with over 12-billion dollars in stock gains in anticipation of Amazon Prime day.
Allow us to put this into staggering perspective for you; if this combined $12 billion increase for Jeff and MacKenzie alone were the total net worth for either one of them, it would place #102 on this year’s Forbes Billionaire list. But it’s just a fraction of their respective net worth’s.
Amazon saw a stock increase of 5% over the course of the week, climbing 3% alone on Friday as the company revealed a slew of electronics and other goodies slated to be heavily discounted for Amazon Prime Days.
The Amazon stock increase added $8.8 billion to the fortune of the richest person in the world, Amazona CEO Jeff Bezos. His ex-wife, MacKenzie got a windfall of $3 billion for her 4% stake in Amazon.
Amazon Prime Day typically takes place in July but was postponed due to the coronavirus pandemic. The two-day sales event is now scheduled to take place October 13th and 14th. This year’s sale is expected to draw more people looking to get a head start on holiday shopping as Black Friday draws near. According to an Amazon press releases, shoppers will be able to get deals on Amazon devices, major appliances, electronics, clothing and beauty products among many other things.
As for the technology sector, tech stocks as whole rose this week, as Microsoft also saw their stock rise 4.7%. Microsoft has remained popular throughout the pandemic due in large part to their gaming division which has seen a boost throughout the coronavirus lockdowns.