AMAZON founder Jeff Bezos becomes richest person in history with a net worth of around $104.8 billion/£78billion, according to Fortune, Bezos passed Microsoft’s Bill Gates’ previous record.

With a 1.4 per cent rise in Amazon’s share price made the New Mexico-born businessman £1billion ($1.4billion ) richer on Monday alone.

His net worth grew by around £24billion ($32.6billion) in 2017 alone, with the majority of it coming from the 78.9million shares he owns in his company.

Bezos 53, was the first person to amass a 12-digit fortune since Microsoft founder Bill Gates, who has given more than £44billion ($60billion) to charity, achieved the feat back in 1999.

SANTA MONICA, CA – SEPTEMBER 6: Amazon CEO Jeff Bezos unveils new Kindle reading devices at a press conference on September 6, 2012 in Santa Monica, California. Amazon unveiled the Kindle Paperwhite and the Kindle Fire HD in 7 and 8.9-inch sizes. (Photo by David McNew/Getty Images)

Gates’ previous record of richest person ever was set in April 1999, when he passed the $100 billion mark during the internet stock bubble. Forbes reports that with inflation, that would be worth around a whopping $150 billion.

Gates’ fortune is currently estimated to be $92 billion by Forbes, but the news magazine reports that he would be “far richer” if he hadn’t donated around $36 billion to charities (including the Bill and Melinda Gates Foundation) over the years.

The only others to surpass Gates as the world’s richest person were Warren Buffett and Mexican business mogul Carlos Slim.

The boss of Amazon and owner of the Washington Post, was the seventh person to be crowned the world’s richest person (in July) since Forbes began tracking the wealthy in 1987. Bezos first made the Forbes 400 list in 1998, with a net worth of $1.6 billion, shortly after his internet company went public.

Amazon’s share price, and therefore Bezos’ net worth, has jumped significantly since September. He passed the $100-billion mark in November and continued to rise after a record-setting holiday season.
Richest people in the world on Jan. 9, according to Forbes:

Jeff Bezos: $104.8 billion
Bill Gates: $91.9 billion
Warren Buffet: $87.1 billion
Amancio Ortega: $76.8 billion
Mark Zuckerberg: $75.7 billion

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.