Thursday, 26 April, 2018


Bezos's net worth tops US$105b as Amazon climbs in new year

Bill and Melinda Gates are presented with the 2016 Presidential Medal Of Freedom by President Obama at White House Bezos's net worth tops US$105b as Amazon climbs in new year
Conrad Doyle | 13 January, 2018, 01:25

Amazon founder Jeff Bezos's net worth has continued to soar after climbing past the $100 billion mark from last year's Black Friday sales.

Over the past few years, we have seen Amazon's Founder Jeff Bezos has been in the news feed quite frequently.

Amazon shares have risen 6.6 per cent this year, with a report showing it has captured 89 per cent of online spending among major holiday retailers in the five-week period beginning the day after Thanksgiving in the US.

Bill Gates now still sits on the No. 2 post on both of the fortune lists with roughly $92 billion.

He has given away nearly 700 million Microsoft shares and US$2.9b of cash and other assets since 1996, according to an analysis of his publicly disclosed giving. It is also important to note that Gates' estimated worth has been heavily impacted by the amount of money he has donated through the Bill and Melinda Gates Foundation; Bloomberg estimates without these donations, Gates would be worth approximately $150 billion. The news comes down from CNN and comes by way of the billionaire tracker operated by Bloomberg.

Gates may be now behind Bezos in terms of net worth, but if his 1999 fortune alone was adjusted for inflation into today's value, it would be equal to $147 billion. Putin's net worth may never be known since his wealth is kept private. Those shares jumped 1.4 percent on Monday, making him $1.4 billion richer.

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