Economy

Jeff Bezos Is Now Worth More Than Bill Gates Ever Was

Jeff Bezos Is Now Worth More Than Bill Gates Ever Was

Bezos who also owns controlling shares in Blue Origin and the Washington Post, grabbed the title of world's richest person in July, when he briefly passed Bill Gates.

Bezos' net worth is at $105.1 billion on Monday, according to Bloomberg's billionaire tracker.

So far in 2018, the e-commerce giant's shares have jumped 6.6 per cent.

He and Bill Gates traded the title of world's richest person several times past year.

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Bill Gates takes a place in the runner-up position with an equally staggering net worth of over $92 billion. According to CNN, he owns 78.9 million shares of Amazon. Forbes also put Bezos at the head of the uber-rich class, but cited his net worth at $104.4 billion. Most of Bezos' wealth comes from his Amazon holdings, tying his net worth to market fluctuations.

Amazon shares are up almost 7% so far in this year after rising 56% in 2017.

Bezos' wealth peaked as Amazon stock prices have climbed on the back of strong holiday shopping performance. He has given away nearly 700 million Microsoft shares and $2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

Jeff Bezos is now the richest person of all time.


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