some of the world’s largest companies saw profits jump by $109 bn (£84.1 bn ) in 2020 25 most profitable global corporations within the S&P Global 100 Index are expected to pay shareholders over $378 bn in 2020 — like 124% of their profits.
The top 100 stock exchange winners have added quite $tn to their market price , the report found. The five tech giants Google (GOOG), Apple (AAPL), Facebook (FB), Amazon (AMZN), and Microsoft (MSFT) account for $46bn in excess profits during the pandemic, with Microsoft accounting for on the brink of $19 bn alone.
Amazon CEO Jeff Bezos has drawn attention over the rise in personal wealth because the online shopping mogul has benefited massively from the lock-down. In April, Bezos had increased his fortune by $24 bn thanks to the jump within the company’s share price. However, a number of the world’s largest companies that have increased their profits during the pandemic are a number of the most important growth drivers for the worldwide labor market.
Amazon is creating 33,000 corporate and tech jobs within the US alone, plus 20,000 free career coaching sessions, in response to the rise in demand for its goods and services thanks to the pandemic. it’s also adding 100,000 new businesses to its seller platform.