Amazon stock has now recouped its losses from the coronavirus-triggered selloff.
Already the world’s richest person, Jeff Bezos saw his net worth jump nearly 5% after Amazon’s stock hit a new all-time high on Tuesday, with the e-commerce giant experiencing unprecedented demand amid widespread coronavirus-related shutdowns.... [+]Amazon stock surged 5.3% on Tuesday, hitting a new record close of $2,283 per share. The stock is now up over 20% so far this year, outpacing the benchmark index .
Amazon is the first major company to rebound from the coronavirus market selloff, which started in late February: It’s one out ofThe stock has soared in 2020—despite the coronavirus downturn and widespread business shutdowns, with Amazon benefiting from skyrocketing demand as consumers who are stuck at home rely on online shopping more than ever.
As the company’s stock rises to a new all-time high, that’s made CEO and founder Jeff Bezos noticeably richer: HisBezos, who currently owns an 11.2% stake in Amazon, is already by far and away the world’s richest person: As of 4:15 pm ET today,
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