Indeed, technology is the new normal even as the entire world forcefully experiences a paradigm shift. Despite trying times such as this for many nations, some sectors are doing very fine. One of them is the technology sector and just this Monday the 20th of July, Jeff Bezos of Amazon adds to his financial fortune. Since the Bloomberg Billionaires Index was created in 2012, there’s been no individual who added a whopping $13 billion to his net worth in a single day. However, Jeff Bezos just did this. His feat is the largest single-day jump for an individual since the creation of the Bloomberg Billionaires Index.
Jeff Bezos, the CEO of Amazon.com Inc. and also the world’s richest man, has had the shares of Amazon increase dramatically by 7.9%, the highest since December 2018. This jump can be attributed to the rising optimism around the concept of web shopping, Bloomberg said. This year alone, the shares of Amazon.com Inc have risen by 73%. Despite the U.S. entering its worst economic downturn since the Great Depression, Jeff Bezos’ story is totally different as his financial fortune has practically climbed a record high in 2020 alone. According to Bloomberg, “the founder of Amazon has seen his wealth rise from $74 billion in 2020 to $189.3 billion still in 2020 alone and he’s now personally worth more than the market valuation of giants such as Exxon Mobil Corp., Nike Inc., and McDonald’s Corp.”
To further solidify the claim that tech is the new normal, other tech personalities are also witnessing an increase in their financial fortune. This is not unconnected with the current COVID-19 compulsory holiday which has made many people to stay at home and had to depend more on the internet to get their needs met. It is interesting to know that out of the ten richest people on the planet today, seven of them have their wealth streaming in from the technology sector. Elon Musk, Mark Zuckerberg of Facebook Inc., and others have added billions to their net worth so far this year alone.
A lesson to take home is that this pandemic may actually be the right opportunity for anyone who is optimistic and innovative. The world still needs more people who can come up with tech solutions that can create wealth and employment; and that can be you.
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