Jeff Bezos Becomes the World’s First Person Worth $200 Billion

By | August 27, 2020

There has been numerous reports recently, confirming that Jeff Bezos is now the first person in the world to have a net worth of $200 billion. The Amazon CEO was already the richest person in the world, but has seen a net increase to $200 billion from $74 billion during the span of 2020.

Jeff Bezos Becomes The First Person Ever Worth $200 Billion.

Today, Jeff Bezos as the world’s richest person, is wealthier than he has ever been before. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos’ net worth is up by $4.9 billion, making the 56-year-old the world’s first-ever person to amass a $200 billion fortune.

As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion — nearly $90 billion more than the world’s second-richest person, Bill Gates, who’s currently worth $116.1 billion.

Even adjusting for inflation, Forbes believes Jeff Bezos’ fortune is the largest ever amassed. The person to come nearer: Bill Gates, who was the world’s first-ever centibillionaire. Near the height of the dot-com bubble, when Microsoft reached its then-peak in 1999, Gates’ net worth surpassed $100 billion, roughly $158 billion in today’s dollars.

Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos’ net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune.

Other things owned by Jeff Bezos

Aside Amazon, Jeff Bezos also owns the Washington Post, aerospace company Blue Origin and other private investments.

Though Jeff Bezos would be even richer, if he had not gone through the most expensive divorce settlement in history last year. After divorce with MacKenzie Scott, in July 2019, Jeff Bezos agreed to give his wife, MacKenzie Scott 25% of his Amazon stake, a chunk of stock now worth $63 billion.

Even after giving away $1.7 billion in charitable gifts earlier this year, Scott is currently the world’s 14th-richest person and second-richest woman, behind L’Oréal heiress Françoise Bettencourt Meyers.

Jeff Bezos is not alone among tech giants with fortunes surging to massive new heights. CEO of Facebook, Mark Zuckerberg ended Tuesday as a brand-new centibillionaire, worth $103.1 billion after adding $3.4 billion to his fortune in one day, on Facebook stock gains. That surge continued early Wednesday afternoon, with Zuckerberg up an astonishing $6 billion just on Wednesday as of publication time. Mark Zuckerberg is now worth $109.1 billion.

There are now more centibillionaires on the planet than ever. Joining Bezos, Gates and the newly crowned Zuckerberg is LVMH chair Bernard Arnault, who first joined the 12-figure ranks last year. Though his net worth slipped to about $80 billion at the height of the coronavirus pandemic in March, Arnault reclaimed the centibillionaire title in May and today is worth about $115 billion. This makes him the third-richest person on earth–$90 billion poorer than Jeff Bezos.

Much credits goes to GHBase used as source for this article and we hope to follow and keep you updated.

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