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Amazon ceo jeff bezos becomes the world’s richest man

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  • Amazon ceo jeff bezos becomes the world’s richest man

    It might come as a surprise shock to some as Amazon CEO Jeff Bezos was confirmed not just the current but the all time world’s richest man. Bloomberg and Forbes have established this in their billionaire lists According to Bloomberg, Bezos’ net worth reached 106 billion U.S. dollars while Forbes places it at 105 billion as of Wednesday. Microsoft founder Bill Gates holds the previous record with 100 billion in 1999. The majority of Bezos’ net worth comes from the 78.9 million shares of Amazon stock he owns. Shares of Amazon (AMZN) climbed nearly 57 percent in 2017. According to an analysis of transaction data by Earnest Research in New York the Seattle-based corporation managed to make up 89 percent of online spending among major retailers in the five-week period beginning on Thanksgiving, With roughly 92 billion dollars Bill Gates now still sits on the No. 2 post on both of the fortune lists. Some argue that if not for his significant charitable contributions, Gates would still be worth far more than Bezos.