icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Amazon’s Bezos becomes richest man in modern history, with wealth topping $150bn

Amazon’s Bezos becomes richest man in modern history, with wealth topping $150bn
Amazon CEO Jeff Bezos is now worth more than Microsoft co-founder Bill Gates and Google co-founder Larry Page combined. His net worth hit $150 billion for the first time.

Shares of Amazon.com have risen for eight straight days and gained $9.46, or 0.5 percent, on Monday, when the online retailer kicked off its annual global shopping sales event, Amazon Prime Day. Company shares closed at a record $1,822.49 on Monday. 

Amazon stock has skyrocketed more than 55 percent this year, which has added more than $50 billion to Bezos’ net worth in less than seven months. That makes Bezos richer than anyone else since at least 1982, when Forbes published its wealth ranking.

The e-commerce giant, which currently has a market value of more than $890 billion, is close to surpassing Apple as the world’s most valuable company.

In 1999, at the height of the dot-com boom, the wealth of Microsoft’s Bill Gates briefly hit the $100 billion mark, which would be worth about $149 billion in today’s inflation-adjusted terms.

According to Forbes’ 2018 rating, Gates is second on the rich list with his $93.6 billion net worth. Rounding out the current top five richest people behind Bezos and Gates: Berkshire Hathaway CEO Warren Buffett ($83 billion), Facebook CEO Mark Zuckerberg ($83 billion), and Amancio Ortega ($75 billion), founder of retailing group Inditex.

For more stories on economy & finance visit RT's business section