Even as a global economic crisis caused by evaporating global demand waits in the wings, a few companies have thrived during the COVID-19 pandemic. One of the biggest winners is Amazon (NASDAQ: AMZN), whose stock price has climbed 25% since the start of 2020.
To that effect, Amazon CEO and founder Jeff Bezos saw his net worth climb 5%, or $24 billion, during that time, according to reporting by Yahoo Finance. This is more than the entire market capitalization of the #2 cryptoasset, Ethereum (ETH), according to CryptoCompare data. Bezos is currently the richest person on Earth, worth about $117 billion.
Amazon stock price itself has climbed about 25% overall since the start of 2020. But the unfathomably profitable company has seen its share of controversy lately, with workers in several countries briefly going on strike in protest against what they perceived as insufficient protections against the Coronavirus.
Since then, Amazon have been re-prioritizing their deliveries to focus on delivering essential items, although they are currently paring back on this policy.
Featured Image Credit: Photo via Pixabay.com
