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Jeff Bezos overtakes Bill Gates, becomes richest person alive

July 8, 2020
in World News, News
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Jeff Bezos
Jeff Bezos

Jeff Bezos, CEO of Amazon, has broken his record to become the wealthiest person alive, according to the Bloomberg Billionaires Index.

Bezos now has a fortune of US$171.6 billion, surpassing his previous high of $167.7 billion.

His previous record was set in 2018, before his divorce from wife Mackenzie Bezos.

READ ALSO: 5G: World is abandoning China’s Hauwei — Pompeo

The 56-year-old American internet entrepreneur has gained approximately $56.7 billion this year alone.

Much of Bezo’s wealth comes from Amazon, with the CEO owning roughly 57 million shares of the company.

Despite the global outbreak of COVID-19, Amazon has gained even more business in recent months, as a result of worldwide lockdowns and the growing demand for online shopping.

Following Bezos on Bloomberg’s ranking are Bill Gates (with a net worth of $115 billion), Bernard Arnault ($93 billion) and Mark Zuckerberg ($91.2 billion).

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