Amazon CEO Jeff Bezos now worth $105B, surpassing Bill Gates

Lloyd Doyle
January 9, 2018

Jeff Bezos, who founded Amazon in 1994 as a small online retailer, has been named the richest person in history, even eclipsing his next door Seattle area neighbor, Microsoft co-founder Bill Gates.

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

Forbes, the other major tracker of the net worth of the world's richest, put Bezos' net worth at a mere $104.4 billion. Shares of Amazon climbed 1.4% Monday, adding about $1.4 billion to his net worth.

The majority of that net worth comes from the 78.9 million shares of Amazon stock he owns.

Amazon's stock soared 55 percent in 2016, putting it in elite company: Only four other publicly listed USA companies have shares trading for more than $1,000 apiece.

Bezos also holds shares in the Washington Post and Blue Origin, a privately-owned space travel business he eventually intends to take willing tourists to space. He moved back ahead of Gates in October. The Amazon CEO officially became the first member of the $100 billion club in November, as shares in the company rose significantly during a typically lucrative holiday season. That's still enough to keep the No. 2 spot on both lists of richest people. He has given away nearly 700 million Microsoft shares and $2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

Other reports by Iphone Fresh

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