Darshan Rana
Darshan Rana
Associate Author

Darshan Rana

Tuesday 09 Jan 18 09:50:59 PM
More millionaire then Bill Gates: Jeff Bezos
More millionaire then Bill Gates: Jeff Bezos

Amazon CEO Jeff Bezos’ Net Worth has now reached $105.1 billion after boom on Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57 percent.

Amazon shares have risen 6.6 percent this year, with a report showing the Seattle-based company captured 89 percent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the U.S.

The latest jump has pushed Bezos’s fortune definitively above the high reached by Microsoft Corp.’s Bill Gates in 1999. The Amazon founder passed Gates in October with a net worth of $93.8 billion and his fortune crossed $100 billion for the first time a month later when the holiday shopping season kicked off on Black Friday.

 (Source: Bloomberg)