Jeff Bezos Is Now Worth More Than Bill Gates Ever Was

Posted January 10, 2018

Shares in Amazon hit an all-time high on Monday, which lifted Bezos' net worth to a record $105.1billion, according to Bloomberg.

It's well-known that Amazon CEO Jeff Bezos is working on a venture to take tourists into space, but his wealth is already out of this world.

He also passed Gates to become the richest person in the world in 2017: once in briefly in July and again in October. Had he held on to that money, his net worth today would be well over $150 billion.

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Amazon's share price, and therefore Bezos' net worth, has jumped significantly since September.

Still, of those individuals whose wealth is publicly traceable, Bezos is the richest person alive.

The majority of his net worth comes from the 78.9 million shares of Amazon stock he owns.

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Amazon shares have risen 6.6 percent this year, with a report showing the Seattle-based company captured 89 percent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the U.S.

In August, Gates donated almost $US6 billion worth of the software maker's shares, his largest gift since the turn of the century.

Move over Bill Gates, you are only worth $93 billion.

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