Skip to main content

Jeff Bezos is now personally worth more than Nike, McDonald's, Costco, and almost 50% of the Dow

* Jeff Bezos is worth more than Nike, McDonald's, and Costco. * Amazon's stock surge has boosted its CEO's net worth to $186 billion, which exceeds the market capitalizations of Nike ($122 billion), McDonald's ($143 billion), and Costco ($145 billion). * Bezos is also worth more than IBM, Starbucks, Target, and the vast majority of Nasdaq 100 and S&P 500 companies. * Bezos' wealth outstrips the market capitalizations of 13 of the 30 constituent companies in the Dow Jones Industrial Average. * Visit Business Insider's homepage for more stories. --- Jeff Bezos is personally worth more than some of the US' biggest companies, including Nike, McDonald's, and Costco. Amazon's stock price has surged 65% this year, boosting its founder and CEO's fortune to $186 billion as of Tuesday's close, according to the Bloomberg Billionaires Index. Bezos owns almost 55.5 million Amazon shares, giving him an 11.1% stake in the e-commerce giant. His Amazon stock accounts for the vast majority of his wealth. The world's wealthiest man is worth more on paper than Nike's entire $122 billion market capitalization. The sportswear titan made $39 billion in sales and had almost 77,000 employees and more than 1,100 retail stores worldwide last year.  Bezos's fortune also exceeds the $143 billion market cap of McDonald's. The fast-food giant generated $21 billion in sales last year and had 205,000 employees and 39,000 restaurants globally. The Amazon chief is also richer than the $145 billion market cap of Costco. The mega-retailer racked up $153 billion in revenue last year from its 99 million Costco cardholders, and employed 254,000 people. The comparison of Bezos' net worth to some of America's biggest companies was first made by Fortune. The spike in Amazon's stock price, and therefore Bezos' fortune, reflects the company's gains during the coronavirus pandemic. More people are shopping on its website, watching movies and TV shows on Prime Video, and relying on its AWS cloud platform while stuck at home, and investors are betting Amazon can retain many of those new customers. As a result, Bezos is also now worth more than Oracle ($176 billion market cap), Salesforce ($172 billion), and IBM ($112 billion). His wealth is more than double the market caps of Starbucks ($88 billion) and Goldman Sachs ($73 billion), and more than triple the market caps of General Electric ($62 billion) and Target ($60 billion). The Amazon boss is worth more than 13 of the Dow 30 companies, and more than 85% of the stocks in the Nasdaq 100 and S&P 500. Only 30 companies across the three indexes have a higher market cap than Bezos' net worth. Here's a chart showing how Bezos' fortune stacks up against some of the biggest US companies: Join the conversation about this story » NOW WATCH: How 'white savior' films like 'The Help' and 'Green Book' hurt Hollywood
https://bit.ly/3fTTXc3

Popular posts from this blog

A full breakdown of what channels you get with every Sling TV package, plus all the add-ons

  * Sling is one of the most affordable cord-cutting services on the market, offering two packages —  Orange and Blue — with 30+ channels starting at $30 a month or combined for $45 a month. * Orange offers the Disney Channel and ESPN, while Blue offers a slate of Fox channels, NBC, Bravo, and Discovery. Both Orange and Blue offer CNN, TBS, Food Network, and BBC America. * You can also add on multi-channel packages, like Sports Extras, Kids Extras, or News Extras, starting at $5 a month. Premium add-ons, like Showtime, Starz, and Epix, are also available for an additional monthly charge.  * If you're new to Sling TV, you can receive a free 14-day trial for a limited time. * Here's a complete breakdown of the channels offered on each Sling package.    If you're hoping to get the most bang for your buck once you cut the cord with your cable subscription, Sling is one of the most affordable live streaming services on the market.  The service has two packages with ...

Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital.  * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020.  * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories.  The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...