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Amazon's Jeff Bezos Becomes World's Richest Person

28 Julio 2017

Jeff Bezos, the founder of Amazon, has overtaken Bill Gates to become the richest person in the world.

"It's energizing to invent on behalf of customers, and we continue to see many high-quality opportunities to invest", Bezos said in a statement with the earnings release.

So much for Jeff Bezos being the richest man in the world.

News broke that that the Amazon CEO's wealth had outstripped that of Bill Gates, the co-founder of Microsoft, after a momentary surge in Amazon's stock pushed Bezos' wealth to $90.6 billion, surpassing Gates by $500 million, according to Forbes' real-time ranking of billionaires. He first joined the ranks of the 400 richest Americans in 1998, a year after Amazon.com went public, with a $1.6 billion fortune. Since then his company, founded in 1994 as an online bookstore, has grown into a global e-trading retailer. Chairman Warren Buffett, 86, who's currently ranked fourth on the Bloomberg index with a net worth of $74.5 billion. Gates had $90.1 billion.

Forbes pointed out that Gates could have been considerably wealthier, having given away more than US$30 billion (RM128.3 billion) to philanthropic causes over the years.

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Kerry Dolan, a editor for Forbes, said the distribution likewise considers broad resources Mr. Entryways holds through his Cascade Investments, which has stakes in private value, land and open organizations. Its revenue hit $38 billion for the quarter, up 25% from a year earlier. That topped expectations of $37.2 billion.

Jeff Bezos became the world's wealthiest person on Thursday. Amazon's shares grew to 1.6% equating to a total of $1.4 billion on Jeff Bezos' pocket. This could help expansion of Amazon in that sector.

Like most great start-ups he initially set up the company in his garage.

And just last month, Bezos took to Twitter to ask for ideas on how to donate his money.

Amazon's Jeff Bezos Becomes World's Richest Person