Microsoft co-founder Bill Gate has over the years been named the worlds richest man for his effort which earns him billions of dollars a year, and no one can be compared to him over the past years in annual earnings.
The Amazon founder, Jeff Bezos has triumphed over Bill Gates in a recent list released by Forbes and Bloomberg to become the world’s richest man ahead of Bill Gate, Warren Buffett, and Amancio Ortega, the Spanish founder of Inditex, best known for the Zara brand, as his companies shares upsurged ahead of expected earnings.
Bezos is a resident at Seattle and keeps a low public profile as his colleague Bill Gate. In the past years, Jeff Bezos has spent more time outside his company to attend to other interesting activities, which includes The Washington Post, his rocket maker, and the Blue Origin.
17 per cent stake in Amazon is own by Jeff Bezos, Amazon started out in 1994 as an online bookseller and has since increased in extent into almost every corner of the world consumers — from logistics to clothes, cloud computing, and digital voice assistants.
The value of Jeff Bezos’s interest in Amazon rose to $85.7bn on Thursday, with the help of 40% increase in the share price this year to upgrades the group’s value around $500bn., making him the wealthiest man in the world.
Mark Zuckerberg and Jeff Bezos each acquired about $25bn in net worth this year due to a rise in technology sector share prices. Bezos started the year as the world’s fourth-wealthiest person, according to the Bloomberg Billionaires Index, behind his colleagues Bill Gate, Warren Buffett, and Amancio Ortega.
Soaring tech stocks, which by some measures have passed their dot com peak, have also boosted the fortunes of Mark Zuckerberg, the Facebook founder, who is the world’s fifth-richest person.Mr. Bezos stake in Amazon has been gradually declining in terms of the number of shares, as Mr. Bezos typically sells about $1bn worth of stock each year to fuel his personal projects. The most expensive of these is Blue Origin, which aims to put people into space.
Mr. Bezos interest in Amazon has been gradually reducing in terms of the number of shares, as he typically sold out about $1bn worth of stock each year to fuel other projects which personally belongs to him. The expensive project among them is the Blue Origin, which aims to put people into space.