Published: Wed, January 10, 2018
Culture&Arts | By Merle Christensen

Amazon's Jeff Bezos becomes richest person in history

Amazon's Jeff Bezos becomes richest person in history

Jeff Bezos, the newly minted richest man in the world, is now the wealthiest person of all-time after his fortune soared to new heights, APA reports quoting.Daily Mail. His net worth on Monday reached $105.1 billion on the Bloomberg Billionaires Index.

Bezos passed Gates in October with a net worth of US$93.8b and his fortune crossed US$100b for the first time a month later when the holiday shopping season kicked off on Black Friday.

Amazon's share price, and therefore Bezos' net worth, has jumped significantly since September. The company's shares are up 7 per cent in 2018, after soaring 56 per cent in 2017.

Microsoft (MSFT) founder Bill Gates officially got the memo on Monday that he is no longer the richest person in the world.

Three and a half year in jail for Lalu Prasad Yadav
He was fined Rs 5 lakh for each case, failing which he would serve another six months in jail, a CBI counsel said. The court had, however, acquitted six others including former Bihar chief minister Jagannath Mishra in the case.

Forbes, another publication that tracks the net worth of the world's richest people, also has Bezos in the top position with a net worth of $104.5 billion.

Bezos' fortune, according to the Bloomberg Billionaires Index, grew as shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent.

According to a Bloomberg analysis, Gates' publicly disclosed donations show he has donated 700 million shares of Microsoft, worth $61.8 billion at today's value, along with $2.9 billion in cash.

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