Last October, Jeff Bezos beat Bill Gates to become the richest man in the world. Later in November he crossed the $100 billion mark. And only in the second week of 2018, Bezos’ wealth has mushroomed so much that it’s more than any person ever had in the history of business.
Or ever since record keeping began. But still, this is an incredible feat by the Amazon founder and CEO!
Jeff Bezos’s net worth reached $105.1 billion on Monday, according to Bloomberg’s list of the world’s billionaires. That milestone figure — $105.1 billion — eclipses the previous personal wealth record held by Microsoft founder Bill Gates. At the same time, Forbes — who also keeps track of the world’s rich and famous — pegged Bezos’ net worth at slightly lower $104.4 billion.
It takes no genius to figure out that Jeff Bezos’s burgeoning bank account is all thanks to Amazon — the e-commerce giant he built from the ground up in 1994. Jeff Bezos over 29.1 million shares of the company, and Amazon’s stock price has gone up by 7% in just the first week of 2018, on the back of strong holiday sales. Throughout 2017, Amazon’s stock grew by a mind-boggling 57% from the end of 2016.
Jeff Bezos’s empire now spans beyond Amazon and its online operations. He’s an investor in Google and Airbnb, apart from becoming a media baron in 2013 after he acquired The Washington Post. Jeff Bezos also owns aerospace and space travel company Blue Origin, and currently battles Elon Musk’s SpaceX in pushing the envelop of human space exploration.
And to think all of this started from selling books online over two decades ago? Just bonkers!