The Amazon.com Inc. founder, CEO, chairman net worth broke $150-billion Monday, 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.
The founder of Amazon crossed Bill Gates’ record net worth of $149 billion after adjusting for inflation. It should be mentioned here that Gates’ net worth touched $100 billion back in 1999, which would be around $149 billion in today’s market.
The report stated Bezos’ net worth is $55 billion more than that of Microsoft co-founder Bill Gates. Bezos’ net worth surpassed that of Gates in 1999 when it hit the $100 billion mark. Adjusted for inflation, Gates’ net worth was around $149 billion at the time.
Bezos crossed the threshold just as Amazon prepared to kick off its 36-hour summer sales event, Prime Day.
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According to the report, this makes Bezos the richest man since Forbes first published its inaugural wealth ranking in 1982. His net worth was estimated to have grown by $52 billion this year.
Bezos first beat the Microsoft co-founder as the richest person in the world in July 2017. At that point of time, Gates held the title since May 2013.
This is an amount surpasses that is higher than the entire fortune of the chairman of Reliance Industries Mukesh Ambani. Ambani’s estimated total wealth hit $44.3 billion on 13 July.
“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.
Jeff Bezos, founder, CEO and chairman of Amazon.com, holds the company’s first sign, quickly spray-painted prior to an interview with a Japanese television station in 1995, at Amazon’s Seattle headquarters.