Move Over Bill, Jeff Bezos Is Richer

Bill Gates, it’s time to move over, there’s a new richest person in town, and no surprise, his name is Jeff Bezos.

Earlier this year the Amazon CEO was – at the time – was the second richest man in the world, behind Bill Gates. But following Amazon.com’s recent rise in shares, Bezos’ wealth is now estimated at a staggering $90.6 billion USD, in comparison to the Microsoft co-founder’s mere $90 billion USD, according to Forbes.

As Amazon shares have continued to rise over the past year, Bezos has of course raked in tens of billions of dollars. Currently, they are being traded at roughly $1,063 USD, FYI.

Bezos holds almost 81 million shares of Amazon, which equates to nearly 17 percent of the company. He also has other investments, including his ownership of The Washington Post and the rocket company Blue Origin, on top of cash from the sale of securities.

Gates, on the other hand, has been recognized as the richest man alive 18 out of the previous 23 years, as the majority of his wealth of course originates from Microsoft.

idlesocietyco

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