[Ed. – Not everyone is struggling during the pandemic.]
The coronavirus pandemic has already cost over three million lives worldwide, and its economic cost cannot even begin to be measured.
But that cost won’t fall on all of us equally. Some will actually come out of this unprecedented crisis even better off than they were before.
Amazon boss Jeff Bezos, already the world’s richest man with personal wealth somewhere in the region of $145 billion, is enjoying a sudden surge in his fortunes as more of us are shopping from home than ever.
Bezos, 56, started Amazon in his garage in 1994 and still owns 11% of the company’s shares. In February those shares were trading at $1,689. Last week they were changing hands for well over $2,000.
Amazon has reported $75.5 billion in revenue for the first quarter of 2020.