Who Is Now The World’s Richest Person?

According to the Bloomberg Billionaires Index, Amazon chief executive Jeff Bezos has become the world’s richest person after making $6.1 billion in just five trading days in 2018 and is now worth $105 billion.  A report in the Hindustan Times says:

Amazon founder Jeff Bezos on Thursday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated.

Bezos’ net worth reached $105.1 billion on Monday eclipsing the record previously held by Microsoft founder Bill Gates. A 1.4% rise in Amazon’s share price made the New Mexico-born businessman richer by $1.4 billion on Monday, reports said.

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© Provided by Hindustan Times The 53-year-old’s net worth grew by around $32.6 billion in 2017 alone, with the majority of it coming from the 78.9 million shares he owns in his company.Forbes, the other major tracker of the net worth of the world’s richest person, put Bezos’ net worth at $104.4 billion.Bezos grabbed the world’s richest person title in July when he briefly passed Gates. The founder of the world’s largest online retailer moved ahead of 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.Gates is worth $91.9 billion according to Forbes, and $93.3 billion by Bloomberg. According to Forbes, Gates’ net worth was briefly above $100 billion in April 1999, when the internet stock bubble helped to inflate the value of his holdings. Adjusted for inflation, $100 billion in 1999 would be worth $148 billion today.Check out this slide share of Forbes The Top 30 Rich people in the world 

News Source: Hindustan Times; Forbes; MSN

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One thought on “Who Is Now The World’s Richest Person?

  • June 1, 2018 at 7:13 am
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    Wonderful information. Sky is the limit, if not Bezos at least we can aim for 1%. Nopes.

    Reply

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