Jeff Bezos, Chief Executive of Amazon (AMZN) has mounted to the top-notch position as the richest man on the planet, according to Forbe’s annual listings of billionaires. As per the estimation of the magazine, Bezos’s net worth of $112 billion makes him the first and the only “centi-billionaire”- exceeding the $100 billion mark. The powerful rise of Amazon’s stock that is about 81% in the past year has generous contribution in Bezos’ success. He owns more than 16% of Amazon’s shares. He also runs Blue Origin, a maker of rocket ships.
On Tuesday’s share market, Amazon’s stock hit a record, with shares rising 0.9% to close at 1,537.64.
It is not only Forbes to rank Bezos in the top position, but Bloomberg’s billionaire index has also positioned him as the world’s richest. It is the biggest single-year gain ever, allowing him to dethrone Bill Gates, whose net worth is $90 billion. Gates has been the richest person in the world consecutively for past 18 years. The third position is taken by the Oracle of Omaha, Warren Buffet, with a net worth of $84 billion.
The Forbes list has been long with more than 2,200 billionaires making their position. The combined net worth of these billionaires is worth $9.1 trillion which is approximately equal to half the GDP of United States of America, the world’s largest economy.
On the other hand President Trump’s net worth is just $3.1 billion which has ranked him in No. 766 from No. 544 in 2017. Due to the falling values of Midtown Manhattan real estate and also the declining revenues at several trump golf properties, Trump’s fortune has fallen $400 million since last year.
Facebook’s CEO and Co-Founder Mark Zuckerberg occupied the fifth position with $71 billion. With Facebook’s stock rising with 31% in the last year, added $15 billion to his fortune. At the age of 19 years Zuckerberg master-minded Facebook, the social media kingpin of today.
About The Company:
Stock News Desk is the leading n news site with its main focus on finance and technology news. Run by expert group of editors, the site has skill set of journalists who dedicatedly produces authentic and plagiarism-free news stories and features. The writers are professionally trained and strictly follow ethics of journalism.
