W0W! Amazon's Jeff Bezos is first person worth $200 billion
chuks oti
Aug 27, 2020
Amazon founder Jeff Bezos has become the first person in history to hit $202 billion net worth.
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The American billionaire broke the wealth barrier on Wednesday as shares of his online shopping company, continued skyrocketing due to the unending demand for online shopping.
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His Seattle company's stock continued to surge higher on Wednesday pushing Bezos's net worth up $5 billion to a massive $202 billion.
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The 56 year-old business tycoon is $77.7 billion richer than Microsoft co-founder Bill Gates, who is now the second richest man in the world, after Bezos first took over the title in 2017.
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Bill Gates is the second richest man in the world with $124.3 billion.
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Facebook CEO Mark Zuckerberg is the third richest man in the world after reaching the " century-billionaire" status with a net worth of $114.7 billion, according to the Bloomberg Billionaires Index.
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While the world is facing economic challenges, the next 10 richest people in the world have gained more than $150 billion since 2020.
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That figure includes the $73.6 billion that's been added to Tesla CEO Elon Musk's net worth as his electric automaker's stock has skyrocketed.
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Jeff Bezos is also founder of space rocket company Blue Origin, which his ownership stake is worth $7.2 billion. Plus, he has $7.1 billion worth of cash and other assets, according to Bloomberg.
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Jeff would have reached the $200 billion status earlier if he wasn't divorced by his wife MacKenzie Scott who he had to give 4% of Amazon stock, giving her a $62 billion net worth.
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— chuks oti