Jeff Bezos is the richest person in the world

10 January, 2018, 02:14 | Author: Ann Santiago
  • Bloomberg recently updated its Billionaires Index where techies continue top the charts. Here are the top 10 billionaires of the world as of today

Amazon CEO Jeff Bezos is now the world's richest person, CNN reported.

Jeff Bezos' net worth has reached US$105.1 billion (NZ$147 billion), pushing the Amazon.com founder's fortune above the high reached by Microsoft's Bill Gates in 1999. Forbes also put Bezos at the head of the uber-rich class, but cited his net worth at $104.4 billion.

Amazon's share price, and therefore Bezos' net worth, has jumped significantly since September. Now the world's biggest online retailer, Amazon had revenues of $136 billion in 2016. Overall in 2017, the company's stock rose almost 56%.

Bezos surpassed Gates in October a year ago 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.

Jeff Bezos | Net worth- USD 106 billion | Amazon CEO and founder Jeff Bezos is the largest shareholder of the firm. He recorded a net worth of USD 90 billion in October last year
Jeff Bezos is the richest person in the world

The only others to surpass Gates as the world's richest person were Warren Buffett and Mexican business mogul Carlos Slim. Forbes reports that with inflation, that would be worth around a whopping $150 billion. But he has given much of that away.

He has given away nearly 700 million Microsoft shares and US$2.9b of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

In case you were wondering, Bezos' fortune amounts to 1.78 million times the median USA household income.

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