Jeff Bezos becomes the richest man in modern history, topping US$150B

Cornelia Mascio
Luglio 18, 2018

The 54-year-old's net worth reached $150 billion (€127 billion) in NY on Monday.

The latest ranking sees Bezos open a $55 billion gap between the Microsoft co-founder, Gates, who has a net worth of $95 billion and has occupied the top spot for almost two decades.

Jeff Bezos's wealth has risen by $US52b this year alone.

The report stated Bezos' net worth is $55 billion more than that of Microsoft co-founder Bill Gates.

Bezos crossed over the $150 billion net worth mark Monday as his shares were lifted in part because of Amazon Prime Day, which concluded Tuesday.

For a brief few hours a year ago, Amazon founder Jeff Bezos got his first taste of what it was like to be the richest man alive.

Bezos, 54, has now topped Gates in inflation-adjusted terms. That makes Bezos richer than anyone else since at least 1982, when Forbes published its wealth ranking.

Amazon shares fell later in the day, as news broke of website outages in the middle of Amazon's Prime Day promotion, but recovered again on Tuesday, up 1.3 per cent from Monday's close.

His net worth has soared by US$52 billion this year, which is more than the entire fortune of Alibaba Group Holding Ltd Chairman Jack Ma, Asia's wealthiest person. Amazon shares slipped below $1,800 in extended trading after Netflix Inc. posted disappointing results, rattling tech investors. It also puts Bezos's personal fortune within spitting distance of the Walton family's $151.5 billion, which is the world's richest dynasty.

"It's hard to even put it in perspective", said Michael Cole, CEO of Cresset Family Office.

Oxfam International found in 2017 that more than 80% of earnings went to the top 1% of the world population.

For the time being, the Bloomberg Billionaire Index officially estimates Jeff Bezos's net worth at $145 billion, compared to $95 billion for Gates.

He's donated nearly 700 million Microsoft shares and US$2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

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