Jeff Bezos Net Worth Reaches $150 BILLION!

Jeff Bezos is the richest person in the world, again and now more than ever!.

The Amazon.com Inc. founder’s net worth broke $150 billion in New York on Monday morning, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person.

Bezos, 54, has now topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $149 billion in today’s dollars. That makes the Amazon chief executive officer richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking.

Bezos crossed the threshold just as Amazon prepares to kick off its 36-hour summer sales event, Prime Day. The company’s share price was $1,825.73 at 11:10 a.m. in New York, extending its 2018 gain to 56 percent and giving Bezos a $150.8 billion fortune.

His net worth soared by $52 billion this year, which is more than the entire fortune of Mukesh Ambani, the newly crowned richest person in Asia. It also puts Bezos’s personal fortune very close to that of the Walton family’s $151.5 billion, which is the world’s richest dynasty. Their asset’s are controlled by several people however.

“It’s hard to even put it in perspective,” said Michael Cole, CEO of Cresset Family Office. “It’s such a staggering number.”

A Federal Reserve report found the top 1 percent of U.S. families controlled 38.6 percent of wealth in the U.S. in 2016, compared with 22.8 percent held by the bottom 90 percent. Last year, Oxfam International found that more than 80 percent of earnings went to the top 1 percent of the world population.

Behind Bezos on the Bloomberg index is Gates, with a $95.5 billion fortune followed by Warren Buffett with $83 billion.

Gates would have had a net worth of more than $150 billion if he’d held onto assets that he’s given away, largely to the Bill & Melinda Gates Foundation. He’s donated almost 700 million Microsoft shares and $2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving.

Gates has given more money away than anyone else in history.
Thank you to Yahoo for the story. Here is the list of this weeks Top 20 Richest People In The World.

Top 20 Richest People In The World

For the Week July 8-15, 2018

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