If there are any ‘winners’ during the Coronavirus pandemic, Amazon have to be up there as they’re currently taking in global orders of AED40,000 per second.
And that huge demand has seen its share price surge by more than a third during the last month. The company is now valued at $1.14 trillion. Which is this much when written out in full.
Which also means that Jeff Bezos, Amazon’s owner, is now worth $138 billion.
Wow. Just wow. It’s hard to even understand those numbers.
Amazingly, Amazon was started in 1994 from Jeff Bezos’ garage. And you can check out some of his backstory below.
Amazon has hired nearly 200,000 extra staff in the last few months to cope with the Coronavirus demand. Which now means the company employs almost one million people across the world. And they’re also looking to hire people temporarily to get through the current economic situation.
Amazon said“We know many people have been economically impacted as jobs in areas like hospitality, restaurants and travel are lost or furloughed as part of this crisis. We welcome anyone out of work to join us at Amazon until things return to normal and their past employer is able to bring them back.”
Analysts expect Amazon to increase its annual sales by nearly 20% to reach $335bn.
And Jeff Bezos has dipped into his own large, large pockets to help out in America. He’s so far donated $100m (£80m) to the food bank charity Feeding America. That is, however, less than 0.1% of his fortune, so he might not miss it too much!
If you are heading to the Amazon site now, we can definitely recommend picking up a Nintendo Switch. Especially as they’re back in stock now!