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Jeff Bezos is the world’s richest person — and it’s not even close

By New York Post

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(NEW YORK POST) – The first $30 billion is the hardest. Just ask Jeff Bezos.

The billionaire Amazon founder just saw his wealth climb from $120 billion to $150 billion over the last six months — a mere fraction of the 49 years it took him to gain his first $30 billion.

Bezos crossed over the $150 billion net worth mark Monday as his shares were lifted in part because of Amazon Prime Day, which concluded Tuesday.

And so far, it’s unlikely that anyone will overtake the tech titan’s spot as the world’s richest person.

Especially since Bezos’ billions got another boost Tuesday as Amazon shares jumped 1.2 percent to close at $1,843.93 — notching another all-time high.

Microsoft founder Bill Gates holds the No. 2 spot with a middling $95 billion — leaving him $55 billion behind Bezos.

Berkshire Hathaway’s Warren Buffett and Facebook founder Mark Zuckerberg hold spots 3 and 4, respectively — each having a net worth of roughly $83 billion, according to Bloomberg data.

Bezos, 54, hit the $30 billion mark in October 2013 — when shares of the e-commerce giant were trading for roughly $360 apiece.

His next $30 billion ascent took about two and a half years — to May 2016 — as Amazon’s share price doubled.

But 2018 has clearly been Bezos’ year, as Amazon shares gained 57 percent in just seven months — quickly adding more than $50 billion to his net worth.

If Bezos, who holds a 16 percent stake in Amazon, were his own company, he would rank 37th on the S&P 500 by market capitalization, according to Bloomberg data.

And the chances of Bezos outlasting his wealth are slim. Assuming he lives to 100, he’d need to cash out of his Amazon holdings and spend $9 million a day to die with nothing.

This article was posted in its entirety as received by stlucianewsonline.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

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