page contents

Rich List: Jeff Bezos Is Now Richer Than Bill Gates Has Ever Been

In the recent Rich List released by Bloomberg Billionaire Index, Amazon’s Jeff Bezos beats Bill Gates to be lonely at the top. Mr Bozos wealth is now worth $150bn (£113bn) a massive increase of over $60bn in the last 12 months, which makes him the world’s richest man.

This is not  the first time Jeff Bezos has topped the world’s rich list – in July 2017, he briefly overtook Bill Gates to become the world’s richest man according to Forbes when Amazon’s shares surged – but returned to second place when their value dropped again.

Why It Seems Bill Gate is Losing Money

Jeff Bezos Richest man in the world

Jeff Bezos. The richest Man in modern times.

Jeff Bozos recent peak at the top places his worth higher than that of Microsoft co-founder Bill Gates, who has previously topped the rich lists – even at his peak in 1999. Then Mr Gates was worth $100bn – which would be around $149bn today, when adjusted for inflation.Mr Gates is currently in second place with a worth of $95bn, having given away 700 million Microsoft shares and $2.9bn in cash since 1996. He gave the cash and assets to the Bill and Melinda Gates Foundation, Bloomberg reports.

With this recent list Jeff Bezos is now the richest person in modern history.

Also Read : Steve Cutts Illustrated The Sad Truth About The System Of Things

Controversy Surrounding  the News

The news of Mr Bezos’s wealth came as Amazon prepared for its enormous Prime Day sale on 16 July, which was marred in Europe by worker strikes in Germany, Spain and Poland over working conditions.

“The message is clear – while the online giant gets rich, it is saving money on the health of its workers,” said Stefanie Nutzenberger of Germany’s Verdi services union.Amazon said its workers were paid fairly, with permanent staff earning €12.22 (£10.81) an hour or more after two years.

Meanwhile two of Amazon’s rivals, Microsoft and Walmart, are set to announce a five-year deal which will see the retailer use the tech giant’s cloud computing technology, according to the Wall Street Journal.

Read Also : Instagram Vs Snapchat, IG’s Video Call, The Killer Punch

More Wealth for Bezos in the Blue Origin Project?

Jeff Bezos in front of the blue Origin take off

Jeff Bezos in front of the blue Origin take off

Jeff Bezos in front of the Blue Origin take off

Mr Bezos says he is selling about $1bn of Amazon stock every year to fund Blue Origin, the project he has founded to develop commercial space travel.

The space tourism company, headquartered in Kent, Washington, is looking to sell tickets aboard its rocket for around £150,000 to £230,000 ($200,000 to $300,000), according to sources with knowledge of the plans.

Earlier this year, Blue Origin confirmed the maiden voyage of its six-seater craft will be held in 2018.

Experts believe the ticket price is not high enough to make the space tourism venture profitable, with aerospace analyst Marco Caceres estimating that each launch will lose millions for the firm.

How much Bezos will make or Lose from this Project is not known yet until space tourism is very popular and safe.

adsense

Leave a Reply