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giftedviz.com May 26, 2018


Amazon chief Jeff Bezos is richer than anyone has ever been

10 January 2018, 01:15 | Austin Hogan

Jeff Bezos

Jeff Bezos

According to a report published by Bloomberg's billionaire index, Jeff Bezos has assumed the title of world's richest person, having amassed a net worth of over $105 billion.

Amazon founder Jeff Bezos worth is now more than that of Microsoft CEO Bill Gates.

Bezos and Gates have been fighting for the top spot for a while; Bezos was briefly the richest man in the world in July, before his share prices dropped a few hours later. Forbes, another media conglomerate who tracks the net worths of the world's richest, estimated that Bezos's fortune is at $104.4 billion, which is almost parallel with Bloomberg's projections.

When Amazon stock climbed 1.4 per cent Monday, it added approximately $1.4 billion to Bezos' net worth.

Bezos also controls closely held space exploration business Blue Origin and the Washington Post.

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Gates' previous record of richest person ever was set in April 1999, when he passed the $100 billion mark during the internet stock bubble.

Bill Gates takes a place in the runner-up position with an equally staggering net worth of over $92 billion.

According to a Bloomberg analysis, Gates' publicly disclosed donations show he has donated 700 million shares of Microsoft, worth $61.8 billion at today's value, along with $2.9 billion in cash.

Although Bezos' wealth is the largest overall figure, it does not compare to famously wealthy individuals in the past.



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