Amazon.com, Inc. (NASDAQ:AMZN) Chief Executive Officer Jeff Bezos added ‘only’ $13 billion to his personal fortune on Monday, the largest single-day gain in wealth for an individual since the Bloomberg Billionaires Index was created in 2012.
The Amazon founder, whose $189.3 billion wealth now outstrips the market value of companies like Nike ($148.74B), Exxon Mobil Corp.($179.80B) and McDonald’s ($142.48B), saw the shares of the e-commerce giant surge almost 8% on Monday after Goldman Sachs’ Heath Terry raised his AMZN price target to $3,800 per share, or 28% above where the ticker closed trading Friday.
Bezos, the world’s richest person, has added over $74 billion to his fortune this year alone. This despite the U.S. entering its worst economic downturn since the Great Depression.
As of writing, Amazon shares are up $47.23, or 1.48%, to $3,244.07. Ticker is up 73% year-to-date and $60.28% year-over-year. The $1.60 trillion market cap company trades in a 52-week range of $1,626.03 to $3,344.29. The consensus price target for AMZN is $2,930.30.