Big Money! Jeff Bezos Is Now The Richest Person of All

Jeannie Matthews
January 13, 2018

The Amazon founder was just named as the richest person of all time, according to the Bloomberg billionaire tracker, with a net worth of over $105.1 billion dollars.

Olson added that he expects Amazon sales to increase 28 percent in 2018 compared to previous year.

Amazon shares have risen 6.6 per cent this year, with a report showing the Seattle-based company captured 89 per cent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the US. Since 1996, Gates has given away 700 million Microsoft shares and $2.9 billion in cash.

According to Bloomberg, Gates has given away nearly 700 million Microsoft shares, worth $61.8 billion at today's value, as well as 2.9 billion of cash since 1996. Worth $93.3 billion according to Bloomberg, Gates is still the second richest man in the world.

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Local Massachusetts communities also report the number of persons experiencing long-term chronic homelessness decreased. New federal funding is heading to New Jersey to help support efforts to put an end to homelessness in the state.

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The investor is now holding $77.16 million shares due in part to a decrease of 14.43 million new shares in their portfolio. CAPITAL RESEARCH GLOBAL INVESTORS lowered its stake in Freeport-McMoRan Inc. 36,500 were reported by Bridgecreek Mgmt Lc.

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In that time they recorded four more dips, though none were as dramatic as the originals, reaching only a percent or two. The planets were identified when they passed in front of their parent stars, causing a dip in their brightness.

Bezos also controls closely held space exploration business Blue Origin and The Washington Post.

Gates may be now behind Bezos in terms of net worth, but if his 1999 fortune alone was adjusted for inflation into today's value, it would be equal to $147 billion. John D. Rockefeller, the first American billionaire, had his fortune in 1918 estimated to be worth $1.5 billion.

We've got bad news if you've ever wondered how Jeff Bezos' net worth compares to yours: He makes more than you - a lot more. The U.S. GDP sits at over $18 trillion. Those shares jumped 1.4 percent on Monday, making him $1.4 billion richer.

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