Tuesday, September 27, 2022

CEO Of Amazon Dethrones Bill Gates As Richest Man In The World

CEO and founder of Amazon, Jeff Bezos, trumped fellow technology entrepreneur Bill Gates on the list of richest men in the world after his net worth topped $90 billion today.A 1 percent pop early in the day in the shares of Amazon.com — the internet company Mr. Bezos founded, which accounts for the vast majority of his wealth — was enough to bump him over the wealth of Mr. Gates, the philanthropist and Microsoft co-founder, according to a real-time list of billionaires by Forbes.com, which has tallied the fortunes of the uber-rich for decades.Bezos has been hailed as the smartest guy in business for turning a bookselling platform into a disruptive force that has flipped traditional retail on its head. In recent years, Bezos’s fortune has whizzed past that of legendary investor Warren Buffett, Spanish retail magnate Amancio Ortega and Mexican tycoon Carlos Slim. Bezos added more than $24 billion in net worth since January 2017, according to Bloomberg.The vast majority of the Bezos fortune is tied up in Amazon stock, of which the CEO owns nearly 17%. That stake alone is worth $83 billion, meaning Bezos could just as quickly lose his new title as the world’s richest man should Amazon’s stock decline, or Microsoft’s value rise.Photo Credit: Getty

Other Articles

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_imgspot_img