Jeff Bezos Surpasses Bill Gates As Richest Person Of All Time

Gladys Abbott
January 10, 2018

However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world.

The Amazon CEO's net worth reached $105.1 billion Monday, according to Bloomberg's billionaire tracker.

Bill Gates takes a place in the runner-up position with an equally staggering net worth of over $92 billion.

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A majority of Bezos's wealth stems from the 78.9 million shares he owns in stocks with Amazon, which effectively saw a surge of 1.4% on Monday, adding another $1.4 billion into his already overstuffed pockets. Most of Bezos' wealth comes from his Amazon holdings, tying his net worth to market fluctuations. Shares of Amazon have risen by nearly seven per cent this year after rising 56 per cent in 2017, reported money.cnn.com. That allowed Bezos, 53, who also owns the Washington Post and private space tourism company Blue Origin, to cross the $100-billion net worth mark in November. But Forbes reports that Gates' net worth crossed above $100 billion briefly back in April 1999.

Bezos started the year as the fourth wealthiest person before surpassing Buffett and business tycoon Amancio Ortega, Bloomberg reported in July.

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