The $US150b man: Jeff Bezos becomes the richest man in modern history

17 Juillet, 2018, 06:26 | Auteur: Auguste Feret

The $US100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $US149 billion in today's dollars.

But Bloomberg also reported on Monday that Jeff Bezos's net worth is up to $150 billion, based on today's rise in Amazon shares.

Not only are the 36 hours of Prime Day sales, which start today, bound to boost Amazon's profits and increase Amazon Prime membership worldwide, but the company's founder and CEO - and longtime world's richest man - just hit another mind-blowing money milestone: Jeff Bezos's net worth is now up to $150 billion. Bezos and Gates have swapped spots on lists of the world's wealthiest people depending on how well their respective companies Amazon and Microsoft perform. The company's share price was US$1,825.73 at 11:10 a.m.in NY, extending its 2018 gain to 56 per cent and giving Bezos a US$150.8 billion fortune.

The report stated Bezos' net worth is $55 billion more than that of Microsoft co-founder Bill Gates.

His net worth has soared by $52 billion this year, which is more than the entire fortune of Mukesh Ambani, the newly crowned richest person in Asia. It also puts Bezos's personal fortune within spitting distance of the Walton family's $151.5 billion, which is the world's richest dynasty.

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A Federal Reserve report found the top 1 per cent of USA families controlled 38.6 per cent of wealth in the U.S.in 2016, compared with 22.8 per cent held by the bottom 90 per cent.

Behind Bezos on the Bloomberg index is Gates, with a US$95.5 billion fortune followed by Warren Buffett with US$83 billion.

He's been giving to charitable foundations since the 1990s and even founded his namesake Bill and Melinda Gates Foundation that works to better healthcare and reduce extreme poverty.

More from Bloomberg.com: Trump Was Asked Who the Biggest U.S. Foe Is.

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