Jeff Bezos, Amazon’s Founder, Has Made the Biggest Fortune in the History of Business

Jeff Bezos, Amazon's founder, is the richest man in the world. [Image Credit: Fortune]

If you are into shopping online, you are surely very familiar with Amazon. Amazon sells everything from A to Z: from children’s toys to books, to movies and even salt and pepper shakers.

Amazon is the brainchild of entrepreneur Jeff Bezos. Just last year, the founder surpassed the world’s richest man, the founder of Microsoft, Bill Gates.

[Image Credit: Fortune]

The Richest Men in the World

Jeff Bezos surpassed Bill Gates as the richest man in the world in July 2017. However, he stayed as the richest person for seven hours only since the 77 percent decline in the Q2 profits of Amazon sent the stock plunging, eroding his wealth by $4 billion.

From his peak fortune of $90.6 billion, he fell to $86.9 billion. After that week, he fell further as Amancio Ortega, the founder of Zara, grabbed the second spot.

After half a year and several billion later, Bezos is the richest man in the world. He did not only lead the list of billionaires, he also now owns more wealth than Bill Gates ever did.

[Image Credit: Fortune]

The Top of the List

According to the Bloomberg Billionaires Index, Amazon’s founder is now worth $105.1 billion, thanks to the superheat festival season sales of Amazon. His net worth increased by $1.4 billion in just a single day as the company’s stocks, 79 million owned by Bezos, rose to 1.4 percent on the New York Stocks Exchange.

Bezos is also the owner of the media company The Washington Post and the private space travel firm Blue Origin.

Bezos crossed the $100 billion mark for the first time last November because of the holiday season in the US. The sales were over the top with the Cyber Monday 2017 as the biggest shopping day in history.

[Image Credit: Fortune]

Other than the founder of Amazon, other billionaires from the US who made impressive gains for the year are:

  • Facebook CEO Mark Zuckerberg: $4.7 billion (total net worth of $77.5 billion)
  • Google co-founder Larry Paige: $2.6 billion (total net worth of $54.9 billion)
  • Google co-founder Sergey Brin: $2.4 billion (total net worth of $53.5 billion)
  • Berkshire Hathaway CEO Warrant Buffet: $1.8 billion (total net worth of $87.2 billion)

How cool is it to be on the billionaire’s list, right?

Be the first to comment

Leave a Reply

Your email address will not be published.