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Amazon CEO Jeff Bezos net-worth crosses $150 billion, becomes richest man in modern history

This makes him the richest person in modern times, even considering for inflation-adjusted figures.

  • Published: July 17, 2018 11:46 AM IST
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The world’s richest person has been Amazon CEO Jeff Bezos for some time now, as Amazon’s share value and market cap both continue to grow rapidly. And while Amazon is in a close race with Apple for the coveted $1 trillion market capitalization value, the company’s founder has raced to an unassailable lead when it comes to personal net-worth. Jeff Bezos is now worth over $150 billion, making him the richest man in modern history, according to a report by Bloomberg.

The tag of being the richest man in modern history involves some odd definitions, which also take us back to the 1999 when Bill Gates hit his peak net worth of just over $100 billion. Adjusted for inflation, that amount is worth $149 billion today, a mark that has been breached by Jeff Bezos. Therefore, in modern times, this makes Jeff Bezos the richest person ever.

It’s worth pointing out that the figure takes an Amazon share valuation into consideration that has since dropped, so Bezos may also see his net worth drop to below the $150 billion mark. Nonetheless, Bezos’ valuation is significantly higher than second-placed Bill Gates, and is primarily driven by the soaring price of Amazon’s shares.

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It’s also worth noting that Bill Gates has retained much of his net worth despite having donated a large amount of his Microsoft shares and cash to his charitable foundation. Bill Gates would have been worth over $150 billion today if he had retained his ownership in those assets. He has also retired from an active role in the management of Microsoft, now serving in a purely advisory capacity at the company he co-founded.

  • Published Date: July 17, 2018 11:46 AM IST