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Amazon’s Jeff Bezos replaces Bill Gates as the richest person in the world


Bill Gates is no longer the richest man in the world. That title now goes to Amazon's Jeff Bezos.

To think it all started by setting up a humble online book shop. 

Bezos has long been a billionaire, but recent surges in Amazon stock have pushed him to a net worth of over $90 billion. 

Bill Gates' net worth is also pegged at $90 billion, but Bezos seems to have just leapfrogged him.

How long that will last is not clear. According to CNBC:
If the stocks hold up today, Bezos — who around 80 million shares of Amazon — will add more than $800 million to his fortune. 

That would put him past Gates, assuming the valuations of their non-stock holdings haven't changed.

That said, even if the title doesn't hold for the day, it seems Bezos is poised to surpass Gates permanently in the coming weeks. 

To give you an idea of how quickly his wealth has grown, Bezos had net work of $1.6 billion after Amazon IPO'd in $1998, and was at 18.4 billion in 2012. He's added those extra $70+ billion in the last five years.


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