Jeff Bezos Surpasses Bill Gates to become the World’s Richest Man

1148 views Leave a comment

Jeff Bezos has done it again. He trumped Bill Gates to become the world’s richest man on October 27, 2017, with his projected net worth being $94.6 billion; and Gates’ at $88.4 billion.

This feat was first achieved by Bezos on July 27, 2017. At that time, his estimated net worth was pegged to be above $90 billion, as per the Forbes list of billionaires. This figure was $500 million more than Microsoft’s founder Bill Gates estimated earnings.

Jeff Bezos
Image Source:

However, Bezos’ victory was short-lived as there was a fall in Amazon stock price and his net worth fell a little below $90 billion to gain second place in the rankings, later in the day. Nevertheless, on October 27, 2017, he regained his position as the world’s richest man.

Jeff Bezos was born on January 12, 1964. Amongst his several virtues are included him being a computer scientist, entrepreneur, and philanthropist. However, he is most popularly known as the CEO, founder, and chairman of Amazon – the biggest online retailer worldwide.

Amazon was started in a garage in Seattle by Jeff. He also started the tradition of ringing a bell every time a purchase was made. Jeff held his company meetings at the close by Barnes and Noble shop. The bookstore had to suffer loses as shoppers were keen on Amazon products rather than books.

During the initial days, Amazon traded only in books; at a later stage, the company operations expanded to providing a variety of products and services. Recently, the company has entered the audio and video streaming market. Presently, Amazon tops the list of internet-based sales companies on a worldwide basis. Additionally, it has become the world’s largest supplier of cloud infrastructure services that can be availed through the Amazon Web services division.

World’s Richest Man Jeff Bezos
Image Source:

Bezos has diversified his investments in the newspapers and aeronautics space as well. His aerospace company, the Blue Origin, commenced operations in the year 2000. Moreover, he bought the Washington Post for $250 million during 2013. His additional business interests are managed by Bezos Expeditions. His stock share of Amazon is recorded to be 17%.

 Jeff Bezos
Image Source:

He married MacKenzie Tuttle, a former coworker prior to founding Amazon. The couple has 4 children.

He is an avid Star Trek fan and if rumours are to be believed, he was pondering over naming his company Amazon, following a line mouthed by Captain Jean-Luc Picard in the series.

Jeff Bezos Richest Man
Image Source:

Where Bezos’s educational background is concerned, he graduated from Princeton University and holds Bachelor of Science degrees in Computer Science and Electrical Engineering.

Following his graduation, Bezos started his career by working at Wall Street in the field of computer science. Thereafter, he got a job with Fitel company and created a network for international trade. He is also known to have been employed with Bankers Trust and hedge fund company D. E. Shaw & Company.

Amazon was founded in the year 1994 after he quit his job with a Hedge Fund company after the use of the internet was witnessing rapid growth.

Video Source: Youtube Channel Most Popular

In 1998, Bezos was amongst the first shareholders in Google. His initial investments were $ 250,000; currently, Jeff holds Google stock worth 3.3 million shares that are worth up to $3.1 billion. Amongst his other investments are also included the one with Unity Biotechnology – a company engaged in research on delaying the aging process.

As we conclude, we would like to congratulate the man on his various achievements – he is truly an inspirational figure.

Leave a Reply

Be the First to Comment!

Notify of