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Jeff Bezos Becomes the Richest Person In The World

The latest jump has pushed Bezos’s fortune definitively above the high reached by Microsoft Corp.’s Bill Gates in 1999.

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American technology and retail entrepreneur, investor, electrical engineer, computer scientist, and philanthropist, best known as the founder, chairman, and chief executive officer of Amazon.com, Jeffrey Preston Bezos is now the richest person in history as its net worth reached $105.1 billion on Monday courtesy of a 6.6 percent rise in Amazon.com shares.

After the New York Times questioned Jeff Bezos about his level of philanthropic giving last year, the Amazon CEO took to Twitter in June to solicit ideas:

“I’m thinking I want much of my philanthropic activity to be helping people in the here and now — short term — at the intersection of urgent need and lasting impact,” he posted in a note on Twitter. “If you have ideas, just reply to this tweet with the idea (and if you think this approach is wrong, would love to hear that too).”

Here’s how Bloomberg Billionaire’s Index exclusively reported the story;

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Jeff Bezos’s net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57 percent.

Amazon shares have risen 6.6 percent this year, with a report showing the Seattle-based company captured 89 percent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the U.S.

The latest jump has pushed Bezos’s fortune definitively above the high reached by Microsoft Corp.’s Bill Gates in 1999. The Amazon founder passed Gates in October 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.

Gates, 62, would have 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 has given away 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.

Bezos also controls closely held space exploration business Blue Origin and the Washington Post.

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