Big tech’s billionaire boys’ burgeoning wealth grew substantially as stocks soared on Monday, adding close to US$300bn.
As Amazon stock rose by around US$235 or 7.93%, to reach US$3,196, founder and chief executive Jeff Bezos counted another US$13bn into his personal wealth – it was the record largest increase in a single day for tech’s richest man.
In 2020 to date, as coronavirus locked-down bricks and mortar stores, the Amazon boss and majority shareholder’s wealth has ballooned by some US$74bn.
Wallets bulged all across the sector.
Rising US$8.72 or 4.3% to close Monday at US$211.60, Microsoft gained US$66.8bn in value (to US$1.6 trillion).
Apple Inc (NASDAQ:AAPL) gained US$8.12 or 2.11% to finish Monday at 393.43, marking its valuation at US$1.7 trillion.
Google owner Alphabet added US$47 or 3.1% to US$1,563, valuing the stock at US$1.07 trillion.
Mark Zuckerberg’s Facebook advanced 1.4% higher to US$245.42, putting the social network’s value just shy of US$700bn.