By Andy Kiersz and Taylor Nicole Rogers From Business Insider

• Jeff Bezos, the wealthiest person alive, is now richer than he’s ever been.
• Bezos made his fortune from online retail giant Amazon, but has drawn increasing criticism over the company’s size.
• Bezos pledged to spend $10 billion to fight climate change in February and promised $100 million to food banks in April.
• Bezos is the first person in modern history to accumulate a fortune of over $200 billion, according to the latest Forbes estimates of his net worth.
• The CEO spends his fortune on real estate across the US, a $65 million Gulfstream Jet, and his space exploration company, Blue Origin.
• Visit Business Insider’s homepage for more stories

Jeff Bezos’ massive fortune just broke another record. The Amazon CEO is now the first person in human history to amass a net worth over $200 billion, according to Forbes.

This milestone comes alongside a boost in Amazon’s share price, which has soared despite the coronavirus pandemicthat’s upending the American economy. And Bezos’ agreement to surrender 25% of his Amazon stake to his ex-wife MacKenzie Scott in a divorce settlement last year ultimately didn’t slow down the growth of his wealth much either.

While Bezos has added $87.1 billion to his net worth in 2020 alone, per the latest Bloomberg estimates, the coronavirus crisis has been an economic disaster for the rest of America, as an unprecedented 49 million Americans filed for unemployment benefits in recent months.

Bezos isn’t the only billionaire getting richer during the pandemic. Tesla’s Elon Musk and Zoom’s Eric Yuan both saw their net worths grow by more than $2 billion between March and June, Business Insider previously reported.

From real estate to space travel, here’s how Bezos spends his money.

Jeff Bezos founded Amazon, the source of much of his wealth, on July 5, 1994.

Source: Bloomberg

Bezos’ parents were reportedly shocked that he would give up a cushy Wall Street job in order to sell books over the internet.

Source: “The Everything Store” via Business Insider

Bezos’ parents eventually came around and invested about a quarter of a million dollars in the fledgling company, a stake that would be worth as much as $30 billion today.

Source: Bloomberg

Bezos also received a lot of support from his then-wife MacKenzie, who negotiated Amazon’s first freight contract and did the company’s accounting. Per the terms of their 2019 divorce settlement, MacKenzie holds a 4% stake in the company, which forms the majority of her $64.4 billion fortune.

Source: Bloomberg

Amazon made its initial public offering on May 15, 1997. Since that day, the split-adjusted stock price has increased over 153,000%

Amazon’s rise left several early internet competitors in the dust. In the company’s first post-IPO shareholder letter, Bezos mentioned strategic partnerships with several peers like America Online, Prodigy, and Yahoo that have either gone out of business entirely or been purchased by competitors in the years since.

Source: Business Insider

Amazon has steadily grown over the last two decades, and now sells a wide variety of consumer products, electronics, and digital media.

Source: Amazon

Another big growth area was Amazon Web Services. As of February 2018, the company’s cloud services was a $17.5 billion business.

Source: Business Insider

Amazon has also grown through various acquisitions over time. The company’s 2009 purchase of online shoe retailer Zappos for $1.2 billion stood as Amazon’s biggest acquisition for about eight years.

Source: Visual Capitalist

That record was blown out of the water with Amazon’s 2017 purchase of Whole Foods for $13.7 billion.

Source: Visual Capitalist

The Whole Foods acquisition has dramatically boosted Amazon’s push into the grocery world. A 2019 study from OneClickRetail estimates that Amazon had an 18% share of the US online grocery market.

Source: Business Insider

Amazon’s rise is the primary source of Bezos’ fortune. Bezos remains Amazon’s largest stockholder, owning 11% of the e-commerce giant. According to MacKenzie Bezos’ statement on the couple’s divorce, Bezos retained 75% of the couple’s Amazon stock holdings and the voting power of MacKenzie’s shares.

Source: Forbes, Bloomberg

Bezos has made several investments in other companies, both on a personal level and through his venture capital firm Bezos Expeditions.

Source: Visual Capitalist

Bezos personally invested in Google in 1998, and his $1 million early investment would likely have made him a billionaire even without his extensive Amazon wealth.

Source: “The Everything Store” via Business Insider

Bezos Expeditions has invested in several startups, including blood testing biotech firm Grail, popular software developer website Stack Overflow, and Business Insider.

Business Insider was acquired by Axel Springer in 2015. Jeff Bezos is no longer invested.

Source: Visual Capitalist

One of Bezos’ more notable purchases was his acquisition of The Washington Post for $250 million in 2013.

Source: Business Insider

Since Bezos’ acquisition, the Post has greatly expanded its digital offerings, and readership has exploded.

Source: Business Insider

Bezos’ wealth is so massive that, according to Business Insider’s 2018 calculations when he had a mere $130 billion fortune, spending $88,000 to him was similar to an average American spending $1.

Source: Business Insider

Bezos is one of the country’s biggest landowners, and he and his family own at least five homes across the US.

Source: Business Insider

But Amazon’s continuous growth has drawn increasing scrutiny from lawmakers, culminating in a historic antitrust hearing in front of the House House Antitrust Subcommittee on July 29, where Bezos testified alongside Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, and Alphabet CEO Sundar Pichai.

In prepared testimony released on his blog the day before, Bezos argued that Amazon’s size benefits consumers, sellers, and the US economy, and that it still faces competition from Walmart, Instacart, and Shopify.

Source: Business Insider

NOTE: This article has been edited in length from the original source. To read the whole article and more go to: BUSINESS INSIDER