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Jeff Bezos’s net worth passes $200bn as pandemic boosts wealth of world’s richest

Jeff Bezos' net worth has nearly doubled during the coronavirus pandemic: AFP via Getty Images
Jeff Bezos’ net worth has nearly doubled during the coronavirus pandemic: AFP via Getty Images

The personal fortune of Jeff Bezos has risen above $200 billion (£152bn) to reach a new record high.

The Amazon founder’s wealth rose to $202bn, according to the Bloomberg Billionaires Index, after shares in the online retail giant rose by more than 5 per cent since the start of the week.

Amazon’s stock has now risen by around 86 per cent since the start of the year, largely boosted by increased demand for online shopping during the coronavirus pandemic.

The world’s richest person is not the only tech tycoon to see their wealth skyrocket during the pandemic.

Facebook founder Mark Zuckerberg, Microsoft founder Bill Gates and Tesla CEO Elon Musk have seen more than $110bn added to their combined wealth.

Counting Microsoft’s Steve Ballmer and Google’s Larry Page and Sergey Brin, US technology billionaires now

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Money Experts Share the Smartest Ways To Boost Your Net Worth

Once you’ve reached the phase of your financial life when you’ve paid off your debts and have a healthy emergency fund tucked away in a savings account, it’s time to shift your focus to building your net worth. GOBankingRates spoke with four money experts on how they accumulated wealth, and their personal finance journeys can inspire you to do the same.

Click through to find out how to increase your wealth.

Last updated: Jan. 8, 2019

Starting Your Journey Toward Financial Success

“Financial success” means different things to different people, but if your goal is to increase your overall wealth, you might not know how to start. Keep reading to learn experts’ tried-and-true tips to improve your net worth.

Start With Cutting Out Unnecessary Expenses

“Set a weekly and monthly budget and stick to it no matter how tempted you are to buy those concert tickets or daily iced coffee

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Elon Musk’s net worth just hit $70.5 billion, surpassing Warren Buffett’s. Here’s how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech.

Elon Musk.
Elon Musk.

Steve Nesius/Reuters

  • Elon Musk has had a tumultuous yet successful life. 

  • He was bullied as a child but ultimately attended an Ivy League university, going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more.

  • He’s also been married three times and has triplets and twins. He just had another baby with his girlfriend, the musician Grimes. 

  • But Musk also courts controversy, especially on Twitter. The tech billionaire has been outspoken about the coronavirus crisis, questioning the severity of the outbreak and urging for business to resume.

  • Now, Musk has hit a new milestone: as Tesla’s stock hit an all-time high, Musk’s wealth surged to $70.5 billion.

  • Visit Business Insider’s homepage for more stories.

It seems like there’s nothing Elon Musk can’t do. 

As CEO of SpaceX and Tesla, founder of The Boring Company, and cofounder of OpenAI and Neuralink, Musk

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Britain’s biggest businesses make net zero pledge

Severn Trent boss Liv Garfield - Heathcliff O'Malley
Severn Trent boss Liv Garfield – Heathcliff O’Malley

Some of Britain’s biggest business have committed to cut their carbon emissions to net zero by 2040 as the UK gears up to host crucial international climate talks next year. 

EasyJet, Pearson, Deloitte, Standard Chartered, Unilever and Severn Trent are among almost 50 public and private companies making the pledge ahead of a major meeting on Monday between ministers and business leaders to discuss how businesses can help protect the environment. 

The UK has a legally binding target of reaching net zero emissions by 2050, and ministers are keen to set an example as the UK gears up to host the 26th United Nations Climate Change Conference (Cop 26) in Glasgow next year. 

The conference had been due to take place this year but was delayed due to the coronavirus pandemic. 

The more than 200 business leaders attending today’s online meeting will

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