Jeff Bezos’ net worth has reached a record-breaking $228 billion, as reported by the Bloomberg Billionaires Index, showcasing a rise of $7 billion from his prior peak of $221 billion achieved earlier in the year. The wealth of the Amazon founder, mainly linked to the company’s stock, has seen positive growth due to a strong market surge following the US presidential election. Forbes reported that Bezos has generously contributed an additional $110 million towards addressing homelessness. The fund arrives during a time of increasing homelessness, particularly among families. Following a positive earnings report, Amazon’s stock had already seen an increase. The stock surged even further after Donald Trump won re-election, ultimately closing at a record high of $207. 09 on Wednesday. The boost contributed to the Nasdaq 100, where Amazon is listed, achieving a new all-time high. Bezos, possessing close to 9% ownership in Amazon, has witnessed his share value surge by over 40% this year. His wealth aligns with that of fellow billionaires, as the five wealthiest individuals, among them Bezos, saw an increase of nearly $53 billion on the day of the election. Investors are anticipating reduced regulations and corporate tax cuts in the event of another Trump administration. Bezos, the world’s second-wealthiest individual, commended Trump on his triumph, describing it as an “exceptional political resurgence. ” Despite refraining from endorsing a candidate during this period, Bezos’ Washington Post notably chose not to endorse any presidential candidate, a contentious decision that resulted in resignations and a purported decrease of more than 250,000 subscriptions. In November 2023, he revealed a generous $117 million donation to organizations throughout the US and Puerto Rico, as a continuation of Bezos’ 2018 pledge of $2 billion to aid homeless families and establish tuition-free preschools.
