The new more-or-less official king of capitalism is none other than nearly everyone’s favorite purveyor of online goods: Amazon CEO Jeff Bezos.
After a year-long stock-price surge and a bountiful holiday season, Amazon’s stock shot to a $1,257 opening Jan. 9, boosting Bezos’ worth to $105 billion, according to a new report.
“The latest jump has pushed Bezos’s fortune definitively above the high reached by Microsoft Corp.’s Bill Gates in 1999,” Bloomberg reported.
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“The Amazon founder passed Gates in October with a net worth of $93.8 billion and his fortune crossed $100 billion for the first time a month later when the holiday shopping season kicked off on Black Friday.”
As of Jan. 9, Gates was listed on Bloomberg’s “Billionaires Index” as being worth a measly $93.3 billion, enough to put him at No. 2 on the list but behind Bezos by a substantial number of billions.
But just in case Bezos gets a big head over apparently besting Gates on money-bagging, it’s worth pointing out, as Bloomberg did, that Gates would be worth more than $150 billion if he’d hung onto assets he’s given away.
Seattle Times reporter Mike Rosenberg noted on Twitter that Bezos had “made an extra $6.6 billion” in the first nine days of 2018. That’s a billion dollars more than the entire annual budget for Seattle, the city Amazon calls home, Rosenberg tweeted.
Rounding out the top 5 on Bloomberg’s billionaires list are investor Warren Buffett at No. 3, with $87.3 billion; Facebook CEO Mark Zuckerberg with $77.3 billion at No. 4; and Spanish retail magnate Amancio Ortega with $76.6 billion at No. 5.
Tags: Amancio Ortega, amazon, bill gates, billionaires, capitalism, facebook, Jeff Bezos, mark zuckerberg, money, Warren Buffett