Jeff Bezos

Jeff Bezos Overtakes Bill Gates To Become World’s Richest Man

Jeff Bezos, world's richest man. (Photo credit: Quartz)
Jeff Bezos, world’s richest man. (Photo credit: Quartz)

Amazon CEO, Jeff Bezos is now the richest person in the world according to Forbes. Bezos overtook Bill Gates with a fortune of over $90 billion. Bezos, whose incredible fortune now puts him $500 million ahead of Bill Gates (Microsoft founder) attained top dog when Amazon’s stock opened at 1.6% Thursday morning, adding $1.4 billion to his net worth… enough to put him ahead of Gates. It is not the first time Gates has been displaced as world’s richest man though, last year Spanish retailer Amancio Ortega surpassed Gates for 2 days.

According to Forbes, ‘Bezos is now the 7th person to hold the title of the world’s richest person and the 3rd American to top the global ranks besides Gates and Berkshire Hathaway CEO Warren Buffett.’

Jeff Bezos is an American technology and retail entrepreneur, investor and philanthropist who is best known as the founder, chairman, and chief executive officer of Amazon.com, the world’s largest online shopping retailer.

Bill Gates, apart from being the founder of Microsoft, he also created Giving Pledge, a campaign set up to encourage billionaires to give at least half of their wealth to charitable causes. So far, as at the end of 2016, Gates has given away $32.9 billion of his wealth to charity. One wonders if Bezos would have seen his brake lights, let alone overtake him had Gates not given so much away.

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