Published: Wed, January 10, 2018
Economy | By Shawn Conner

Amazon CEO Jeff Bezos is world's richest person

Amazon CEO Jeff Bezos is world's richest person

Gates' fortune is now estimated to be $92 billion by Forbes, but the news magazine reports that he would be "far richer" if he hadn't donated around $36 billion to charities (including the Bill and Melinda Gates Foundation) over the years.

Amazon's (AMZN) chief executive Jeff Bezos now holds the title, with a net worth of $105 billion, according to Bloomberg's Billionaire Index.

While Bezos, 53, has held the top spot on the Bloomberg list since late a year ago, his net worth is now more than Gates' ever was, Recode reported.

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İn the last 12 months, Amazon's stock has climbed by almost 57 per cent.

Gates, 62, would have a net worth of more than US$150 billion if he'd held onto assets that he's given away, largely to the Bill & Melinda Gates Foundation. According to multiple reports, John D. Rockefeller was the richest ever, with a net worth of an estimated $340 billion (inflation-adjusted) in 1937.

"Over the last month our research at GBH has indicated Amazon has dominated e-commerce sales, with our estimates indicating the company captured between 45% to 50% of all holiday online retail sales vs. 38% during this holiday sales period in 2016", Daniel Ives, technical research analyst at GBH, told CBS News in a statement.

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Bezos passed Gates in October with a net worth of US$93.8b and his fortune crossed US$100b for the first time a month later when the holiday shopping season kicked off on Black Friday.

Bezos started the year as the fourth wealthiest person before surpassing Buffett and business tycoon Amancio Ortega, Bloomberg reported in July.

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