E-commerce

Amid the divorce Jeff Bezos makes billions

Jeff Bezos divorce

Jeff Bezos & MacKenzie Bezos divorce

The founder of Amazon, the self-made billionaire, Jeff Bezos has made it to the headlines, all over again. And this time it is an excellent piece of new for Bezos. After a week of the controversial revelation by the acclaimed, Wall Street Journal media outlet. Michael Sanchez, the brother of Lauren Sanchez, sold her racy photos with Jeff Bezos for $200,000 to the National Enquirer.

If this looks like a piece of bad news for Jeff, the bad stuff is MacKenzie will divorce Bezos. Nevertheless, there is a little bit of sunshine for Bezos. Amid the ongoing tabloid drama, the richest man of the world has made billions now. According to the source, Bezos has earned almost $8.4 billion more money than he used to be. By the looks of it, the gain is considered to be the massive single week gain since 2018 in November. And this has skyrocketed the stocks of Amazon given that this wasn’t the Cyber Monday.

Amazon’s growth during Bezos’ divorce

Through the 21st of March, the share price of Amazon has risen to 7.9%. And eventually, this has boosted the existing fortune that Bezos has made so far that is $145.3 billion. Back in February 2019, the net worth of Bezos used to be $131 billion. As of now, the Amazon CEO currently owns almost 16% stake in the major e-commerce giant in the world.

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Amazon makes quite a lot of progress recently. The company enters the ground with its skin care brand. Bezos’ Amazon came up with Belei on Wednesday. The cosmetic products are available for a minimum of $40  or even less than that. And The critically acclaimed products by Belei, moisturizers with Vitamin C as well as charcoal masks. With the line of beauty products, Amazon may make 10% more profit than the usual. Amazon made plans to establish a second headquarters in the Big Apple, but the plan is in halt.