Placeholder canvas

Jeff Bezos becomes the richest man in history with $105 billion

Date:

New Delhi: Founder and CEO of Amazon have become the richest man in history as Jeff Bezos’ net worth reached $105.1 billion on Monday as per the Bloomberg Billionaires Index as Amazon.com shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57%.

Reportedly, Amazon shares have risen 6.6% this year, with a report showing the Seattle-based company captured 89% of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the US.

The latest jump has pushed Bezos’ fortune definitively above the high reached by Microsoft’s Bill Gates in 1999. The Amazon founder passed Gates in October with a net worth of $93.8 billion and his fortune crossed $100 billion for the first time a month later when the holiday shopping season kicked off on Black Friday.

ALSO READ: Narayana Murthy’s son-in-law Rishi Sunak inducted in Theresa May’s cabinet

Gates, 62, would have a net worth of more than $150 billion if he’d held onto assets that he’s given away, largely to the Bill & Melinda Gates Foundation. He has given away almost 700 million Microsoft shares and $2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Mohan Bhagwat-Led RSS NOT Supporting INDIA Bloc

A video alleging that the Rashtriya Swayam Sevak Sangh...

India’s ‘Election King’ Prepares For 239th Bid Despite Record Of Defeats

New Delhi: K Padmarajan, a 65-year-old tyre repair shop...

Robert F. Kennedy Jr Chooses Nicole Shanahan As His Running Mate For 2024 Polls

Nicole Shanahan, 38 is a California lawyer and philanthropist, and brings fresh energy to Kennedy Jr's bid, focusing on issues such as women's reproductive science, criminal justice reform and environment

US Reiterates Call For Fair Legal Process On Kejriwal’s Arrest; Mentions Cong’s Frozen Accounts

New Delhi: The United States reaffirmed its stance on...