Tuesday, November 5, 2024
spot_img

Amazon CEO becomes richest man in history

Date:

Share post:

spot_img
spot_img
New York, Jan 11 (IANS) Amazon CEO Jeff Bezos is now the world’s richest man, not just at present, but of all time.

Both Bloomberg and Forbes have put Bezos on top of their billionaire lists. Bloomberg said Bezos’ net worth reached $106 billion while Forbes put it at $105 billion as of Wednesday, Xinhua news agency reported.

The previous record was held by Microsoft founder Bill Gates with $100 billion in 1999.

The majority of Bezos’ net worth comes from the 78.9 million shares of Amazon stock he owns. Shares of Amazon (AMZN) climbed nearly 57 per cent in 2017.

The Seattle-based corporation managed to make up 89 per cent of online spending among major retailers in the five-week period beginning on Thanksgiving, according to an analysis of transaction data by Earnest Research in New York.

Bill Gates now still sits on the No. 2 post on both of the fortune lists with roughly $92 billion. Some argue that if not for his significant charitable contributions, Gates would still be worth far more than Bezos.

According to Bloomberg, Gates has given away almost 700 million Microsoft shares, worth $61.8 billion at today’s value, as well as 2.9 billion of cash since 1996.

spot_img
spot_img

Related articles

Temple attack in Canada draws strong condemnation

New Delhi, Nov 4: The “deliberate attack” on a Hindu temple in Canada sparked strong condemnation in India...

A·doko MPLAD scheme-rang matchotkuja ine Tura MP matnanga

SHILLONG: Sombar salo, Tura-ni Lok Sabha MP Saleng A Sangma, a·dokni Chief Secretary aro dingtang dingtang department-ni official-rang...

Teams chase 10-points tally in poignant week for coaches Amorim, Alonso, Ancelotti

Madrid, Nov 4: The first Champions League team will reach 10 points this week and likely ensure advancing...

James Van Der Beek reveals colorectal cancer diagnosis

Dawson’s Creek alum James Van Der Beek says he has been privately dealing with colorectal cancer and is...