Published: Wed, January 10, 2018
Markets | By Noel Gibbs

Jeff Bezos is the richest person in the world

Jeff Bezos is the richest person in the world

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.

Jeff Bezos's net worth reached US$105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 per cent.

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But Bezos, who founded the e-commerce giant in his garage is the early 1990s, is not only the wealthiest individual in the world-he is one of the richest in history.

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

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Bezos first won the title of world's richest person in July, when he briefly passed Gates, and then moved ahead of the Microsoft mogul in October, CNN reported.

Amazon continued its dominance over the recent holiday period, grabbing 89 per cent of the online spending market among retailers. That eclipses the record previously held by Microsoft founder Bill Gates, who is now in second place with a net worth of $93.3 billion. As of Tuesday morning, Gates' net worth, according to Bloomberg, is around $93.3 billion, with Warren Buffett coming in third at $87.2 billion. And No. 4 is Facebook founder Mark Zuckerberg at $77.5 billion.

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