Markets

Jeff Bezos, Richest Man in History, Worth $150 Billion

  • Jeff Bezos, Richest Man in History, Worth $150 Billion

Jeff Bezos, the Amazon.com Inc. founder, is the richest man in modern history.

The billionaire on Monday cracked the $150 billion mark for the first time after been the second man in history to break the $100 billion thresholds, the Bloomberg Billionaires Index that ranked richest people showed.

Bill Gates was the first man to hit $100 billion mark in 1999 during the dot-com boom that gave birth to billionaires like Mark Cuban, Peter Thiel, Jeff Bezos himself and others.

Bezos, 54, is now $55 billion richer than Bill Gates, the world’s second-richest man. That makes Jeff Bezos the richest man alive, at least since 1982 when Forbes started its wealth ranking.

Bezos acquisitions in a picture.

The billionaire crossed the $150 billion mark ahead of Amazon 36-hour summer sales event, Prime Day, which got off to a rocky start as glitches struck the firm’s website and mobile app. However, the shares of the company have rebounded following a report that Prime Day sales exceeded last year’s sales by 90 per cent.

The company shares climbed to a record high of $1,851.69 on Tuesday before paring gain slightly to $1,848.02 a unit share as at the time of writing.

So far, Bezos net worth has risen by more than $52 billion in 2018, bigger than the net worth of Jack Ma, the Chairman of Alibaba Group Holding, Asia’s wealthiest man.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

14 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

14 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

14 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

15 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

16 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

17 hours ago