Jeff Bezos’ Net Worth Increased $13 Billion on Monday. He’s Now Worth More Than McDonald’s

Jeff Bezos’ Net Worth Increased $13 Billion on Monday. He’s Now Worth More Than McDonald’s

Jeff Bezos had a very good day on Monday. He was already the world's wealthiest person and his fortune grew $13 billion after Amazon shares rose 7.9 percent. By the end of the day, he was worth $189.3 billion. That means that he by himself is worth more than several very large corporations, including Exxon Mobil, Nike, and McDonald's. His ex-wife Mackenzie Bezos is now worth $63 billion, making her the 13th wealthiest woman in the world.

Amazon's stock has gone up a mind-boggling 70 percent since the start of the year, and it's a no-brainer as to why. The continuing pandemic is forcing people to stay home and turn to online sellers for most of their purchases. In addition to boosting Amazon's retail business, that's increased advertising on the site, and demand for Amazon Web Services as companies beef up their online presence. And the fact that most people are spending their free evenings at home hasn't hurt Amazon's streaming video service either.

But why the record-breaking price jump on a single day? According to the Motley Fool, the explanation is that two widely followed stock analysts have predicted big price increases for Amazon shares in anticipation of the company's second quarter financial