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Amazon CEO Jeff Bezos overtakes Bill Gates to become Richest Person in the World | Update: Gates climbs back on Top

BellaNaija.com

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Amazon CEO Jeff Bezos overtakes Bill Gates to become Richest Person in the WorldCEO of Amazon Jeff Bezos has, according to Forbes, become the richest person in the world after stocks of his company rose 1.6% on Thursday.

Forbes had reported Wednesday night that Bezos was less than $1bn away from being the richest person in the world.

Bezos’ net worth had increased by $2.5bn this week alone, with stocks of his company rising 3.6%.

He is now worth $90.6bn, becoming the first man ever to top a $90 billion fortune.

He is now $500m ahead of no. 2 Bill Gates, who is the founder of Microsoft.

Bezos quit his job at a hedge fund to start his online bookseller in a garage in Seattle in 1994.

He first featured on the 400 richest Americans list in 1998, a year after Amazon went public, with a $1.6 billion fortune.

Gates’ first inclusion in the billionaire’s list was in 1982, and he has been no. 1 for 18 of the past 23 years.

Forbes reports that Bezos would be nowhere close to being the world’s wealthiest person had Gates not given so much of his fortune to philanthropy.

UPDATE

Bill Gates is back on the number one spot as the world’s richest person.

According to Bloomberg Amazon’s shares fell 0.7 percent to $1,046 at 4 p.m. in New York, after climbing as high as $1,083.31 four hours earlier, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90.8 billion as of the Wednesday close with Bezos’s being $89 billion.

Photo Credit: Drew Angerer/Getty Images

20 Comments

  1. Deleke

    July 27, 2017 at 5:08 pm

    Our own Deziani too get 90 billion for the akant. I sometimes think Forbes is deluded and mainly try to focus more on Americans. They have no clue how rich some African brothers n sisters are. I stopped trusting them when they couldn’t even acknowledge Ambassador Antonio Deinde Fernandez’s wealth.

    • Troy

      July 27, 2017 at 5:39 pm

      Forbes only posts the wealth of people that have stakes/investments in publicly listed companies or companies that their financials are easily accessible. It’s general knowledge that the world’s richest people aren’t ever going to be featured on this list. There is a family in Kazakhstan that are richer than every single person on the Forbes list. These guys are worth in the hundreds of billions of dollars but they will never be listed on Forbes because their financial records are not out there for all and sundry to consume, and also, all of their investments are in private companies, not publicly listed companies. The middle east have billionaires that would blow all these guys out of the water but for the same reason, they will never be listed on Forbes.

      What’s the point of my rant? Forbes list is not wrong; It’s not right either. It’s all relative

    • Lol

      July 27, 2017 at 5:42 pm

      Forbes list is for money you can trace, not stolen wealth, that’s for bonefacedthief list. Africanforbes aka oppressmybrotherandcontributenothingtomysociety list.

    • Nahum

      July 27, 2017 at 9:17 pm

      Thank you @lol, we all know that our middle easter and African brethren can’t really expose the true source of their wealth, except a few. So forbes list is accurate for those that have nothing to hide.

    • nene+

      July 27, 2017 at 11:56 pm

      Some foolish Nigerians believed the lies that Diezani has over 90 billion dollars . Don’t know if they know what 90 billion is.

    • Seriously

      July 28, 2017 at 3:15 am

      @nene
      You are the foolish one. Whether it’s pennies or $90 billions, she embezzled money. There should be no reason a government official should acquire as much houses, other businesses as she has.

    • Tee

      July 28, 2017 at 9:19 am

      @Seriously

      But you know nene sees her world in PDP vs. APC. That’s where she draws her life source. Please pity her I beg.

  2. Dt

    July 27, 2017 at 5:18 pm

    He deserves it. has long been an innovator, risk taker and importantly believed in himself.

  3. BCGA

    July 27, 2017 at 5:47 pm

    @deleke,

    Ill-gotten wealth, looted public funds, wealth with no traces of business model or investment over the years don’t count on Forbes list. It’s nothing to do with African brothers and sisters, afterall Aliko, Otedola, Alakija and co are on forbes list, it’s solely a question of legitimate business empire.

    • Deleke

      July 27, 2017 at 7:15 pm

      All that one is story. It’s all about using your brains and the resources available. IF you studied economics in school you will know there’s always an opportunity cost. No wealth is 100% clean

    • Wendy

      July 27, 2017 at 7:30 pm

      Deleke you should be taken out of the gene pool.

    • Deleke

      July 27, 2017 at 7:47 pm

      We’ll swim together in such pool

    • Wendy

      July 27, 2017 at 8:22 pm

      I knew you were dumb were you typed all your previous nonsense supporting blatant corruption but I couldn’t have imagined that your condition was this bad. Dang!! I hope you haven’t reproduced?

    • Deleke

      July 27, 2017 at 10:18 pm

      You have some deep rooted issues and u need to see a shrink ASAP. So if I did have kids that’s how you will insult them? Wow. You need prayers

    • Wendy

      July 28, 2017 at 3:47 am

      Dumb dumb… if you had kids you’d have passed on your dumb genes, so I’d weep for another wasted generation.
      Can’t believe I have to spell it out to you. ?

  4. Bolaji

    July 27, 2017 at 5:51 pm

    Na lie! They have not seen my bank balance yet. I am the richest man in the world!

  5. xo

    July 27, 2017 at 6:17 pm

    TYPOSSSS//BN !!! DO YOU CHECK BEFORE YOU PUBLISHHHH??? MY HEAD ACHES

  6. Anon

    July 27, 2017 at 10:09 pm

    Was for a few hours…

    • Anon

      July 27, 2017 at 10:49 pm

      Yes, you are on the ball.

      “It does mean, however, that Bezos’ personal fortune, given his roughly 80 million shares in Amazon, will take a sizable enough hit to keep him from climbing back to the top. Bezos was already back at second place at the time of market close today.”

  7. Victor

    July 28, 2017 at 12:36 pm

    Er… it’s not provable, obviously, but some sources regard Vladimir Putin as being possibly the richest man in the world, with estimated assets in excess of $100 billion. It probably doesn’t help to enquire too closely…

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