Jeff Bezos beats out Bill Gates to become world’s richest person
Ahead of its earnings later today, Amazon stock hit an all-time high during intraday trading and with it CEO Jeff Bezos’ estimated wealth hit $140 billion, Bloomberg reports. This number pushes the net worth of the Amazon founder past that of Microsoft founder Bill Gates, still sitting pretty with $90.7 billion, earning Bezos the title of world’s richest person.
Bezos ending the day as the world’s richest depends on Amazon (and Microsoft) stock holding steady. After the bell, Amazon will report its second-quarter earnings. Today’s jump in share price comes even as investors are expecting Amazon to announce a decline in year-over-year profits today, though the Street also expects revenues to skyrocket 22 percent to $37.2 billion.
Amazon has been riding high over the past year as its ambitions to offer an alternative to the world of brick-and-mortar retail has shifted into one that may completely upend it. In December, the company unveiled its Amazon Go concept stores, a move that made a lot more sense after it made its bid last month to acquire grocer Whole Foods for $13.7 billion.
Amazon’s market cap currently sits at $513 billion. Bezos own about 17 percent of the company. In addition to running Amazon, Bezos also owns the Washington Post and is starting a rocket company called Blue Origins
2).
Net Worth: $101 billion
Co-Founder: Microsoft Corp.
One of the two Harvard dropouts in the Top Five, Bill Gates' knack for increasing wealth is staggering, even for a rich guy. The Microsoft co-founder's net worth has more than doubled since 2009.
2. Bill Gates
Net Worth: $101 billion
Co-Founder: Microsoft Corp.
One of the two Harvard dropouts in the Top Five, Bill Gates' knack for increasing wealth is staggering, even for a rich guy. The Microsoft co-founder's net worth has more than doubled since 2009.
Through the Bill and malindra gate foundation, he has also spent billions to fight polio and malaria. Additionally, he pledged $50 million in 2014 to help fight Ebola. (For related reading, see: Where Does Bill Gates Keep His Money?)
Bill Gates is currently a board member for Microsoft and Berkshire Hathaway Inc.Now a day bill have 101 billions dollar and he is a second richests man in world.
The e-commerce magnate, who was the fourth richest person at the beginning of the year, overtook Microsoft co-founder Gates earlier in the day after Amazon shares rose 1.8pc to $1,071 (£820).
Bill Gates is currently a board member for Microsoft and Berkshire Hathaway Inc.Now a day bill have 101 billions dollar and he is a second richests man in world.
The e-commerce magnate, who was the fourth richest person at the beginning of the year, overtook Microsoft co-founder Gates earlier in the day after Amazon shares rose 1.8pc to $1,071 (£820).
3) Warren Buffett
Net Worth: $95 billion
Best Investor of the 20th Century.He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. He expanded the company to the insurance and other investments in 1967. Now, Berkshire Hathaway is a half-trillion-dollar company, with a single share of stock trading at over $300,000 per share in early 2019.
Warren Buffett is widely known as “The Oracle of Omaha” because of his knack for value investing, in other words, finding bargains in undervalued companies. While most investors have been piling into social media companies, Buffett has repeatedly stated that it’s too difficult to determine their value, and has instead stuck with investments that he thinks will pay off 10 years down the road. He is also a noted Bitcoin skeptic.
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