Amazon's Jeff Bezos becomes richest person in history

Ivan Schwartz
January 10, 2018

Jeff Bezos' wealth hit a high of $USD105.1 billion today, according to the Bloomberg Billionaires Index, surpassing Microsoft co-founder Bill Gates' previous record of $USD100 billion in 1999. Shares of Amazon (AMZN) climbed 1.4% Monday, adding about $1.4 billion to his net worth.

Bezos and Gates have been fighting for the top spot for a while; Bezos was briefly the richest man in the world in July, before his share prices dropped a few hours later.

The majority of Bezos' fortune comes from the 78.9 million Amazon shares he owns.

Amazon's share price, and therefore Bezos' net worth, has jumped significantly since September.

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He has given away nearly 700 million Microsoft shares and $US2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

Bezos also controls closely held space exploration business Blue Origin and the Washington Post. According to publicly disclosed donations, Gates has given away 700 million shares of Microsoft - worth almost $62 billion at today's value - and close to $3 billion in cash over the years. That would put his net worth at more than $150 billion.

Jeff Bezos is now the richest person of all time.

Other reports by GizPress

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