Get it on Google Play

Jeff Bezos becomes first person to cross $200 billion, As Elon Musk & Zuckerberg Crosses $200 billion

Updated Friday 28 August 2020 6:21
Jeff Bezos becomes first person to cross $200 billion, As Elon Musk & Zuckerberg Crosses $200 billion
Amazon founder and CEO, Jeff Bezos, has become the first person to ever cross $200 billion in net worth. This happened after Amazon’s stock edged up 2% on Wednesday.

Did you know? You can comment on this post! Just scroll down

According to Forbes, the edging increased Bezos’ net worth by $4.9 billion, making him the first person to ever amass a $200 billion fortune in the nearly four decades that Forbes has been tracking the net worths of the world’s richest individuals.

This happened in spite of the fact that Bezos recently donated 7,548 of his Amazon shares –worth about $26 million– to an undisclosed nonprofit organization, as contained in a regulatory filing on Wednesday.

The 56-year-old world’s richest man was worth $205 billion as at the close of trading on Wednesday.

This development now puts Bezos almost $90 billion ahead of the world’s second-richest person, Bill Gates, who is currently worth $116.1 billion.

Gates was the first person in the world to ever cross the $100 billion in 1999 when Microsoft reached its then-peak.

Even after adjusting the figures for inflation, Forbes still estimates Bezos net worth to be over $200 billion, almost 80% up from the $115 billion he was worth on January 1, 2020.

This increase in net worth is said to be connected to the change in consumer habits resulting from the coronavirus pandemic and the lockdown in major cities across the world. Since then, Amazon stock has gone up almost 80%.

Note that Bezos owns roughly 11% stake in Amazon which makes up more than 90% of his net worth, while his stakes in the Washington Post, aerospace company Blue Origin, and other private investments make up the rest.

Article Posted 4 Years ago. You can post your own articles and it will be published for free. No Registration is required! But we review before publishing! Click here to get started

Love This? Share It!

One Favour Please! Subscribe To Our YouTube Channel!

468k

Cook Amazing Nigerian Dishes, Follow Adorable Kitchen YouTube Channel!

1.1m

Like us on Facebook, Follow on Twitter

React and Comment

Click Here To Hide More Posts Like This

Watch and Download Free Mobile Movies, Read entertainment news and reports, Download music and Upload your own For FREE. Submit Your Content to be published for you FREE! We thrive on user-submitted content! But we moderate!

Get it on Google Play
Attention
We use cookies to serve you better. We have to let you know this in accordance with EU laws. You accept our terms and conditions by using this platform. Please Click on the OK button below to hide this message