Economy

World's richest is now Amazon CEO Jeff Bezos

World's richest is now Amazon CEO Jeff Bezos”

Online retailer Amazon has another feather to put in its very large cap of successes now that its CEO, Jeff Bezos, has become the richest person of all-time.

According to Bloomberg Billionaires Index, Bezos made $6.1 billion in just five trading days in 2018 and is now worth $105 billion. The Amazon founder passed Gates in October 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.

This puts him ahead of Microsoft founder Bill Gates, who is now valued at $93.3 billion and Warren Buffett, CEO of Berkshire Hathaway, at $87.3 billion.

According to the Forbes, the net worth of Jeff Bezos is at $104.4 billion. Shares of Amazon (AMZN) climbed almost 57 percent in 2017.

More news: Reports of shots fired on campus of Cal State San Bernardino

A rise in Amazon's share price made the New Mexico-born businessman richer by $1.4 billion on Monday, reports said.

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

He has given away 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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