The $US150b man: Jeff Bezos becomes the richest man in modern history

Amazon’s Bezos becomes richest man in modern history with wealth topping $150bn

According to the Bloomberg Billionaires Index, which tracks the net worth of the 500 richest people in the world, Bezos is now worth $150 billion.

The report stated Bezos' net worth is $55 billion more than that of Microsoft co-founder Bill Gates.

It's worth noting that Gates has given away such large chunks of his fortune that he would actually have around the same net worth as Bezos if he still owned all of those assets: billions of dollars and more than 700 Microsoft shares.

Jeff Bezos added $52 billion to his fortune this year as Amazon stock soared on the New York Stock Exchange.

That's the exact opposite of Bezos, because rather than being charitable, Bezos has a history of stinginess and poorly treating those who work for him. That makes the Amazon CE richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking.

Amazon's stock has almost doubled in the past year and was trading at around $1,830 per share Monday as the company prepared to launch its fourth annual Prime Day shopping extravaganza. Her net worth is estimated to be a whopping $46 billion. It also puts Bezos's personal fortune within spitting distance of the US$151.5 billion controlled by the Walton family, the world's richest dynasty. "It's such a staggering number".

A Federal Reserve report found the top 1% of United States families controlled 38.6% of wealth in the USA in 2016, compared with 22.8% held by the bottom 90%. Last year, Oxfam International found that more than 80 percent of earnings went to the top 1 percent of the world population.

He's been giving to charitable foundations since the 1990s and even founded his namesake Bill and Melinda Gates Foundation that works to better healthcare and reduce extreme poverty.

Behind Bezos on the Bloomberg index is Gates, with a $95.5 billion fortune followed by Warren Buffett with $83 billion.

Mr Gates is now in second place with a worth of $95bn, having given away 700 million Microsoft shares and $2.9bn in cash since 1996.

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