Jeff Bezos Becomes The World’s Richest Person In Modern History

Jeff Bezos OnoBello

Jeff Bezos, the CEO of Amazon has emerged the world’s richest person in modern history. According to Forbes, he’s the first-ever person to amass a $200bn fortune.

With Amazon stock edging up two per cent as of Wednesday afternoon, Bezos’ net worth is up by $4.9bn, crossing a milestone previously unseen in the nearly four decades.

For comparison, Bezos is personally worth more than Nike, McDonald’s and Pepsi, which are all valued between $139bn and $191bn. Bezos already held a substantial lead on the next closest rich guy, Bill Gates, who entered Wednesday with a net worth of $123bn, according to Bloomberg.

The bulk of his fortune stems from a 10.9 per cent stake in Amazon — or about 54.5 million shares — which Bezos founded in Seattle in 1994. It’s also worth pointing out that Bezos would’ve hit the $200bn mark sooner had he not divorced his wife last year.

His ex-wife, MacKenzie, is worth more than $64bn after getting 20 million settlement Amazon shares during their divorce. Overall, Amazon is worth $1.72trn — making it the second most valuable company behind Apple, which has a market cap of $2.16trn.

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