Amazon Founder, WashPo Owner Jeff Bezos the Richest Man in History

Jeff Bezos now surpasses Bill Gates worth becomes richest person ever

Bezos and Gates have been fighting for the top spot for a while; Bezos was briefly the richest man in the world in July, before his share prices dropped a few hours later.

The latest jump has pushed Bezos's fortune definitively above the high reached by Microsoft Corp.'s Bill Gates in 1999.

Forbes, the other major tracker of the net worth of the world's richest, put Bezos' net worth at a mere $104.4 billion. Most of Bezos' wealth comes from his Amazon holdings, tying his net worth to market fluctuations. Forbes reports that with inflation, that would be worth around a whopping $150 billion. Shares of Amazon have risen by nearly seven per cent this year after rising 56 per cent in 2017, reported money.cnn.com. Bezos is also the owner of the Washington Post and Blue Origin, a private space travel company.

Bezos' wealth peaked as Amazon stock prices have climbed on the back of strong holiday shopping performance. He lost the title later in the day when Amazon's stock dropped, returning him to second place with a net worth just below $90 billion.

Bezos came under fire previous year when The New York Times questioned his level of philanthropic giving.

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