Economy

Step Aside Bill Gates, Jeff Bezos Is Now The Richest Person In The World

Published

7 years ago

July 27, 2017

Amazon CEO, Jeff Bezos has overtaken Bill Gates as the richest man in the world with a net worth of $90.9 billion.

According to Forbes and Bloomberg, Amazon’s share price jumped by more than $15 a share overnight which will add more than $800 million to his fortune. This would put him past Gates, who is worth $90.7 billion. Starting the year as the world’s fourth wealthiest person, Jeff has also leaped over Warren Buffett and Amancio Ortega.

Jeff Bezos, who started selling books from his garage 22 years ago, becomes the first man to bump Gates from his perch in seven years and is only the sixth man to hold the “richest person” title in the past 30 years, according to Forbes.

Bezos may not only be the richest man in the world today, he might one day become the richest man ever, when measured in pure dollars. At his peak Gates was worth $90 billion, marking the largest single fortune ever. With little sign that Amazon’s momentum may be slowing, Bezos could well be the first 12-digit man, worth $100 billion one day.