Amazon CEO Jeff Bezos is now world's richest

11 January, 2018, 09:34 | Author: Luis Fowler
  • As the world's richest person Amazon CEO Jeff Bezos could transform how philanthropy works

Bezos' fortune, according to the Bloomberg Billionaires Index, grew as Amazon.com shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent. It is United States dollars 106 billion now.

From a peak fortune of $90.6 billion, Bezos fell to $86.9 billion, according to Forbes.

The 53-year-old businessman from New Mexico earned a staggering £24bn ($32.6bn) in 2017, with most of that rise coming from the increase in value from the 78.9m shares he owns in the company. Shares of Amazon rose 56 percent in 2017 and more than 6 percent since the start of this year.

It must be added that Jeff Bezos has overtaken Bill Gates before, but this is the first time he has broken the richest man in history record.

Bezos grabbed the title of world's richest person in July, when he briefly passed Bill Gates.

More news: 'Roseanne' Reboot Shows A Family 'That Is Divided By Politics'

A 2015 study by Time magazine's Jacob Davidson put African king Musa Keita, the ruler of the Mali empire between 1280 and 1377, as the richest person of all time. Bezos crossed United States dollars 100 billion in November.

Microsoft's Gates is worth $93.3 billion on the Bloomberg Billionaires Index.

Nor does the figure take into account the Microsoft founder's significant charitable contributions through the Bill and Melinda Gates Foundation. Since 1996, Gates has given away 700 million Microsoft shares and $2.9 billion in cash.

Gates, second on the index, is now worth $93.3 billion, and Berkshire Hathaway's Warren Buffet and Facebook creator Mark Zuckerberg are not far behind, with more than $87 billion and $77 billion, respectively. Amancio Ortega, the Spanish business tycoon and founder of Spanish fashion retailer Zara, completes the top five on the rich list. The net worth is determined by looking into the businesses the billionaires own and their shareholding in the respective firms.

Recommended:



Popular

Senators Appeal Once More to Trump on NAFTA
They have so far yielded little firm indication of whether a deal can be reached to update the pact, the officials said. Trade Representative Robert Lighthizer was quick to label Canada's complaint as bad for the bilateral relationship.

PSG 'tell Nantes they can sign Manchester United target Lucas Moura'
Moura will be looking for a fresh start after his career has stagnated at the Parisian giants. Lucas Moura to Manchester United refuses to die.

Trump Appears To Forget The Words To The National Anthem
"And yet, Trump seemed lost as he tried to sing along to the anthem before last night's national college football championship". Many observers were unimpressed, pointing out that Trump had adopted a position as guardian of the anthem.

Google introduces "Google Pay" to finally unify Android Pay and Google Wallet
As of now, Google has announced a few initial partners which include Airbnb , Dice, Fandango, HungryHouse , and Instacart. All said and done, digital payment efforts by either Google or Apple in India didn't seem to have taken off as expected.

Windows 10 fixes for Meltdown and Spectre are breaking some AMD computers
Rivals Intel and ARM Holdings have offered much more detailed documentation of these security issues, he said. An AMD spokesman at the time said the flaws posed a "near-zero risk" to its processors.

Kendall Jenner dismisses critics of her Golden Globes acne
After walking the red carpet at the Golden Globes on Sunday, she was hit by a barrage of mean comments about her skin. The model wrote on her blog: 'Where it really impacted me was how self-conscious I became about it.

Modi Government Failed To Provide Jobs, Tremendous Anger Against it in India
He said when such crimes take place, the government is silent on them and that should not happen. He said jobs can be created through small and medium enterprises (SMEs).

HP Spectre x360 15 and ENVY x2 introduced at CES 2018
The company believes that it will able to beat a Nvidia 1080 Max-Q with thin-and-light device that has long battery life. The eighth Gen Intel Core processors with Radeon RX Vega M designs was first declared in November 2017.

Egyptian Leaders Accept Trump's Jerusalem Move
Captain Kholi, on tape, echoed exactly this sentiment, telling the talk show hosts, "The point that is unsafe for us is the intifada issue...

Greta Gerwig Thanks Sacramento After 'Lady Bird' Golden Globes Win
The Irish actress walked away with the award for Best Actress in a Motion Picture (Musical or Comedy). The film beat out fellow nominees Get Out, The Disaster Artist, The Greatest Showman and I, Tonya .