Amazon's Jeff Bezos Now World's Richest Man
January 12, 2018
Amazon.com CEO Jeff Bezos is now the richest
person of all time, with a fortune of $105.1
billion, according to financial news outlet
With the stock market soaring to new heights
in the first few days of 2018, Bezos'
fortune rocketed upward, growing $6.1
billion in just five trading days.
That happened because most of Bezos' wealth
is contained in shares of Amazon.com, the
online retail giant. Shares of Amazon rose
56 percent in 2017 and more than 6 percent
since the start of this year.
news trackers differ on whether Bezos is the
richest man in history, or if his nearest
rival, Microsoft founder Bill Gates, holds
Bezos surpassed Gates briefly last year
before taking the lead for good in October
and crossing the $100-billion mark by
November, buoyed by the holiday shopping
Gates is worth more than $90 billion, but
financial experts say he would be worth far
more if he had not given away so much in
cash and shares of Microsoft to charity.
Bloomberg reports that if Gates had not
given away some $36 billion of stock to
charity, his fortune would be worth more
than $150 billion.
In addition to Amazon, Bezos' holdings
include The Washington Post and the space
exploration company, Blue Origin.