Jeff Bezos Overtakes Bill Gates As The Richest Man In The World

CEO of the biggest online marketplace Amazon in the world, Jeff Bezos, has yet one more time overtaken Bill Gates, the co-founder of Microsoft, as the richest man in the world. As per a report by Forbes, a 2% increment in stock of Amazon included $900 Million in net worth of Bezos, making it an enormous $90.6 Billion. In comparison, net worth of Bill Gates stands at $90.1 Billion, just a tad bit at the rear as compared to that of Jeff Bezos. This is not the first time that Bezos has gone post Gates as the richest man in the world. Back in July 2017, the same thing took place when a sharp increment in share prices of Amazon ahead of the earnings report of the company led to net worth rising of Bezos to a whopping $90.9 Billion. At that point, net worth of Bill Gates was $90.7 Billion.

Jeff Bezos Overtakes Bill Gates As The Richest Man In The World

Almost 6 months ago, Bezos had turned out to be the 2nd richest man all over the world, going post Warren Buffett and Amancio Ortega. This had taken place just a day post the firm declared its plans to purchase Souq.com, the biggest online retailer in the Middle East region. Bezos has apparently included a gigantic $10.2 Billion this year to his wealth and $7 Billion ever since the worldwide equities convention started following the election of Donald Trump on November 8, 2016, as the president of the U.S.

Bezos first got highlighted in 1998 in the Forbes 400. It was a year post Amazon went communal and Bezos posted net worth, which was $1.6 Billion at that point. Amazon last week exposed how its sales have increased more & more and profits gone beyond expectations due to promotion of “Prime Day” and the getting hold of Whole Foods Market shops. Amazon in August got hold of Whole Foods Market for $13.2 Billion. Revenues of Amazon increased to $43.7 Billion by 34% in the quarter three of this year as compared to that a year ago. Its net revenue, on the other hand, increased to $256 million in the quarter concluding on September 30, 2017.

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