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Amazon’s Bezos Is First Person To Amass $200 Billion



 By Ayodele Oluwafemi

American entrepreneur and Chief Executive Officer (CEO) of Amazon, Jeff Bezos has become the first person in the world to amass a net worth of $200 billion.

Forbes, on Wednesday announced that the 56-year-old worth $204.6 billion as Amazon stock gained 2%.

In 2017, Bezos rose ahead of Bill Gates, the Founder of Microsoft to become the richest person in the world.

According to Forbes, Bezos’s wealth is the largest ever amassed even adjusting to inflation.

The 56-year-old net worth increase to $204.6 billion from $74 billion during the 2020 COVID-19 pandemic, as Amazon’s stock price appreciated to a very large extent during the lockdown.

Amazon is worth $1.72 trillion, the second most valuable company, behind Apple, which worth $2.16 trillion.

“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 Bezos’ fortune is the largest ever amassed. The person to come closest: 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. He also owns the Washington Post, aerospace company Blue Origin and other private investments, ” Forbes wrote.

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