Jeff Bezos becomes richest person in history

Jeff Bezos becomes richest person in history

Jeff Bezos's net worth reached US$105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent.

A large part of Jeff Bezoss wealth comes from his 78.9 million shares in Amazon.

Forbes put Bezos's net worth at $104.4 billion.

As CNN highlights, Gates would be worth far more than Bezos if it weren't for his significant charitable donations. Now the world's biggest online retailer, Amazon had revenues of $136 billion in 2016. This has his net worth surpassing the highest ever reached by Bill Gates, the founder of Microsoft Corporation (NASDAQ:MSFT).

Bezos surpassed Gates in October previous year 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. The company's shares are up 7 per cent in 2018, after soaring 56 per cent in 2017.

Bezos who also owns controlling shares in Blue Origin and the Washington Post, passed Gates in October when his fortune crossed $100 billion.

When Amazon stock climbed 1.4 per cent Monday, it added approximately $1.4 billion to Bezos' net worth.

Gates is now worth $91.9 billion according to Forbes, and $93.3 billion by Bloomberg. But he has given much of that away.

Reports by billionaire trackers, Bloomberg and Forbes, confirmed that Bezos' worth has eclipsed the record previously held by Microsoft founder Bill Gates.

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