• Tuesday, Oct 27, 2020
  • Last Update : 02:47 am

Jeff Bezos now worth $200 billion

  • Published at 05:09 pm August 27th, 2020
Jeff bezos
File Photo: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, US, May 9, 2019 reuters

Bezos is the first person ever in history to amass a $200 billion fortune

Amazon founder and CEO Jeff Bezos is now the world's first-ever person to amass a $200 billion fortune.

With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth went up by $4.9 billion, making the 56-year-old to reach the height where no one has ever been before, reports Forbes.

A regulatory filing made public on late Wednesday revealed that the Amazon founder and CEO donated 7,548 Amazon shares–worth about $26 million–to an undisclosed nonprofit organization. At market close on Wednesday, Bezos was worth $205 billion.

The amount is nearly $90 billion more than the world's second-richest person, Bill Gates, who's currently worth $116.1 billion. 

Even adjusting for inflation, Bezos' fortune is the largest ever amassed, the report said.

Gates, who was the world's first-ever centibillionaire, is the person to come closest. Near the height of the dot-com bubble, Microsoft reached its then-peak in 1999, when Gates' net worth surpassed $100 billion, which is roughly $158 billion in today's dollars.

As a result of the coronavirus pandemic, consumer habits have changed for which Amazon stock went up nearly 80% since the beginning of the year.

Bezos' net worth was roughly $115 billion on January 1, which skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments, Forbes also said.

According to the report, Bezos’ net worth would be much more had he not gone through the most expensive divorce settlement in history, last year. 

Bezos agreed to give 25% of his Amazon stock to his ex-wife, MacKenzie Scott, last July at the time of their divorce. The stock now worths $63 billion. 

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

Bezos is not alone among tech titans with fortunes surging to massive new heights. 

Facebook's Mark Zuckerberg ended Tuesday as a brand-new centibillionaire, with $103.1 billion after adding $3.4 billion to his fortune in one day, after Facebook stock gains. 

Forbes in its report further said the surge continued early Wednesday afternoon, with Zuckerberg up an astonishing $6 billion just on Wednesday as of publication time. He is now worth $109.1 billion.

Now more centibillionaires are there on the planet than ever. After 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 not is worth about $115 billion which makes him the third-richest person on earth–$90 billion poorer than Jeff Bezos.

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