Jeff Bezos now richest person in history

10 January, 2018, 02:13 | Author: Rachel Mcdaniel
  • Jeff Bezos now richer than Bill Gates ever was; becomes richest person in history

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's share price, and therefore Bezos' net worth, has jumped significantly since September.

Bezos' bump to the top spot happened Monday when his net worth added about $1.4 billion after Amazon's stock rose 1.4%-Bezos owns almost 80 million shares worth.

Bezos is the largest shareholder of Amazon, the world's biggest online retailer. Amazon shares were up another 1.44% in premarket trading on Tuesday.

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He and Bill Gates traded the title of world's richest person several times a year ago. The company's shares are up 7 per cent in 2018, after soaring 56 per cent in 2017.

Bezos' other holdings include The Washington Post and Blue Origin, a private space travel business that intends to take tourists into space. He first crossed the $100 billion net worth mark in November at the start of the holiday shopping season, once again helped by stock performance of Amazon. Adjusted for inflation, that would be $148 billion today.

Bezos' fortune, according to the Bloomberg Billionaires Index, grew as Amazon.com shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent. But he has given much of that away.

In case you were wondering, Bezos' fortune amounts to 1.78 million times the median USA household income.

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