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Celebrity, Fashion & Lifestyle2 posts

$200 Billion: Amazon's Jeff Bezos Now World's Richest Man

Jeff Bezos, already the world's richest man broke his own record after hitting an estimated $202 billion dollar fortune. As of last month, his wealth was pegged at $172 billion.

This increase in wealth is as a result of his holdings in Amazon stock  (AMZN) increasing by .25%.

 

 

Also billionaires along with Bezos are Mark Zuckerburg, Facebook (FB)  CEO,  a "centibillionaire,"  who is worth over $100 billion. On the verge of achieving this feat is Tesla (TSLA) CEO Elon Musk, with a net worth of $96 billion. Microsoft (MSFT) founder Bill Gates has already made it.

And Apple (AAPL) CEO Tim Cook also became a billionaire recently as shares of his company — now the world's most valuable — have soared. Cook is a rare example of an executive who didn't help found the company breaking into the ranks of the super rich.

 

What are your thoughts on so much wealth being concentrated in the hands of so few?

 

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Jeffrey Preston Bezos né Jorgensen; born January 12, 1964) is an American internet entrepreneur, industrialist, media proprietor, and investor. He is best known as the founder, CEO, and president of the multi-national technology company Amazon. The first centi-billionaire on the Forbes wealth index, Bezos has been the world's richest person since 2017 and was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018.According to Forbes, Bezos is the first person in history to have a net worth exceeding $200 billion.