Jeff Bezos saw his assets rise by $6.
4 billion and Amazon has become worth $1.1 trillion because its shares reached a record peak on Tuesday in the face of retail orders soaring through coronavirus lockdown.
Although Amazon’s founder witnessed his fortunes rise as his shares increased 20 percent during the year, by choosing to go to work, his workers at other warehouses have been reporting their lives are at threat.
The Seattle-based organization recently faced intense criticism over the health and work practices of factory, shipping and distribution contract employees in the United States since COVID-19 as incidents have been reported in at least 74 of its plants.
Gerard Tuzara, a worker at the company’s Southern California factory, died from the infection on the same day as Amazon stock soared in volume.
Last week the founder of the company was named the richest person in the world for the third consecutive year following his divorce which cost him a portion of his investment in the tech company.
In 1994 Bezos, 56, initiated the e-commerce firm from his house in Seattle, Washington, He gave shares of worth $36 billion to his ex, Mackenzie,
Till Tuesday afternoon, Amazon’s stock was trading at $2,283.32 per share for more than four years. Which really surpassed the previous record of $2.170.22 per share for the internet shopping giant on February 19.
According to a report by Forbes, despite stocks surging, Bezos, who reportedly holds an 11.2 percent interest in Amazon, yesterday witnessed his wealth rise to $138 billion by $6.4 billion.
After just a few weeks into the shut down The economic fallout from the epidemic was extensive and heavy. On Tuesday the International Monetary Fund said the global economy would be experiencing perhaps the worst year since Great Depression.
Amazon shares rose 5.6 percent on Tuesday, touching a world record peak, more than 20 percent this year, at a time when the market index — the S&P 500 — fell to 12 percent.
On Monday, the organization announced it would recruit 75,000 more employees for positions ranging from logistics workers to delivery drivers.
That is on top of the 100,000 positions it previously marketed, which they claim has now been packed out, and thus the new vacancies are in turn.
By March 15, Amazon warehouses have witnessed strikes, walkouts, and demonstrations in Germany, Spain, and France seeking better safety measures for employees.
Amazon staff at a UK factory today said it was walking out over a shortage of protective gear (PPE) and social distancing laws that managers were trying to fire them against their strike.
The court decision expects Amazon to determine health risks at all of its factories in France and discuss new protection policies with members of the workers.
Company will terminate its non-essential dealing within 24 hours, or pay fines of $1.1 million a day. However, sales of food products, medication, and sanitation are still permitted.