Jeff Bezos Becomes the Richest Man in Modern History with a Worth of $150 Billion

Jeff Bezos‘ net worth has hit a staggering, mind-boggling $150-billion mark today. He’s now considered as the richest man in modern history.

Amazon’s shares closed at $1,822.49 yesterday, taking Jeff Bezos’ net worth over $150 billion.

The founder of Amazon crossed Bill Gates’ record net worth of $149 billion after adjusting for inflation. It should be mentioned here that Gates’ net worth touched $100 billion back in 1999, which would be around $149 billion in today’s market.

This makes Bezos the richest person since 1982 when the list of billionaires was first published by Forbes. Currently, Bill Gates is the second richest person in the world with around $95 billion in his accounts.

Prime Day

Amazon celebrated its flagship shopping festival Prime Day just recently. For those who don’t know, Prime Day is Amazon’s 36-hour summer sales event where Amazon’s members are offered special deals on most product categories.


ALSO READ

Amazon Wants to Enter Pakistan Via a Partnership With a Local Online Store: Report


The current Prime Day sale season had a bit of a glitchy start when Amazon’s website and mobile app crashed on Monday afternoon. Despite that, Amazon’s shares closed at $1,822.49 with Bezos’ net worth staying well over $150 billion.

The founder saw an increase of $52 billion to his assets in 2018 alone. According to a report by the Federal Reserve, the richest 1% in America controlled 38.6% of the total wealth in 2016. As opposed to this, the bottom 90% controlled only 22.8% of the total wealth in the United States.

Oxfam International reported staggering numbers about the uneven distribution of wealth last year. As per the report, 80% of the total earnings of the world went to the top 1% of the population.

Via Bloomberg



  • >