Techawk

Entrepreneurship, Innovation and Startups News Hub

Jeff Bezos

Jeff Bezos Becomes First-man Ever to Worth $200Bn

Jeff Bezos, the CEO of Amazon has become the first person to top $200 billion in net worth on Wednesday, according to Forbes’ real-time data on billionaires.

Bezos, 56, owns 11% of Amazon’s stock, which has increased amid the coronavirus pandemic as people sheltered at home and demand for e-commerce soared.

“As of 1:50 p.m., EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world’s second-richest person, Bill Gates, who’s currently worth $116.1 billion.

“Even adjusting for inflation, Forbes believes Bezos’ fortune is the largest ever amassed. The person to come closest: Bill Gates, who was the world’s first-ever centibillionaire. Near the height of the dot-com bubble, when Microsoft reached its then-peak in 1999, Gates’ net worth surpassed $100 billion, roughly $158 billion in today’s dollars.

READ  Carrefour Kenya Launches Mobile App to Enhance Online Shopping Experience

“Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos’ net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem.

“Jeff Bezos roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.”

Musa Suleiman
Follow me
Jiji Nigeria
We would like to make you the first to get all our updates!    OK No thanks