Jeff Bezos is a name unknown to none and he’s in the limelight again.
But this time, Amazon’s CEO broke all-time records after receiving recognition as Forbe’s richest person of all time.
Bezos is now classified as the wealthiest person ever. Thanks to his mega fortune of approximately $197.8 billion, the CEO founder topped the Forbes’ rich list by miles. And trust the experts when they say that it’s truly a mind-boggling sum of money. Similarly, this is also the greatest amount of wealth ever recorded by Forbes, in nearly 40 years of tracking billionaires. How’s that for heartwarming?
But where did the sudden boost come from? Above all, what is the major reason for the significant stroke in wealth? Well, you’ve got Amazon’s stock to thank.
Yes, Bezos’s gigantic bank balance received a startling boost for this reason.Recently, it was listed as the topmost performing listing across the S&P 500. And that meant seeing a gain of around 4. 1%.
For this very reason, Bezos saw a significant rise in his wealth by around $7.2 billion, in just one day. And that’s because he owns just 11% of shares for that company. Moreover, you can think of the net gain totaling to about $83,333.3 per every second of the day, yesterday.
Meanwhile, experts compare the recent gain to imagining someone brushing their teeth as they gain upon millions of dollars. If that isn’t ridiculous then we’re not quite sure what is!
While we give up on converting to pounds, we’d just like to think of it as Amazon’s market capitalization that comprises of around $1.66 trillion. Now that’s truly a lot of money. And just in case that wasn’t enough, this recent gain pushes Bezos to a giant lead over the world’s 2nd richest man, Bill Gates.
While Bill Gates is doing pretty ok for himself, Bezos is worth around $83.3 billion more than the renowned Microsoft owner as well as Philanthropist. How’s that for some cut-throat competition?