Published: Wed, January 10, 2018
Money | By Michele Stevens

Jeff Bezos' net worth tops US$105 billion as Amazon climbs

Jeff Bezos' net worth tops US$105 billion as Amazon climbs

Amazon CEO Jeff Bezos snagged the title of wealthiest person ever Monday, surpassing Microsoft founder Bill Gates with a net worth topping $105 billion, according to the Bloomberg Billionaires Index. 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.

Microsoft (MSFT) founder Bill Gates officially got the memo on Monday that he is no longer the richest person in the world.

Amazon's share price, and therefore Bezos' net worth, has jumped significantly since September.

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Amazon shares have risen 6.6 per cent this year, with a report showing the Seattle-based company captured 89 per cent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the US.

Bezos' other holdings include The Washington Post and Blue Origin, a private space travel business that intends to take tourists into space.

However, this isn't the first time Bezos grabbed the title of the world's richest person.

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He moved back ahead of Gates in October, and then crossed the $100 billion net worth mark in November.

Bill Gates would most likely still have an edge on Bezos in terms of total wealth if he had not made significant charitable donations over the previous decade. 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.

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