Amazon CEO Jeff Bezos out-Gateses Gates with $105 billion worth

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.

Get tech news in your inbox weekday mornings. Sign up for the free Good Morning Silicon Valley newsletter.

“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.


 Photo: Amazon CEO Jeff Bezos in 2017 (Drew Angerer/Getty Images)

Tags: , , , , , , , , ,


Share this Post

  • Bill Shaefer

    Mr Bezos has done a great job shepherding Amazon though its startup and growth. I think he is probably a greater merchant than Sam Walton plus he doesn’t have a bunch of worthless kids living on his sweat and equity.

  • Narg

    Why does anyone need to be this rich? I don’t understand the mentality that doesn’t pay-it-forward and give more to the hardworking folks that get them to this place.