BusinessNews

Jeff Bezos, the CEO of Amazon and also the Richest Man has Added More Money to his Fortune Than Any Other Billionaire in 2018

0
Jeff Bezos, CEO of Amazon

The founder of Amazon, Jeff Bezos who is also the richest man on planet Earth witnessed an increase in his net worth which was much more than what was experienced by other billionaires, in 2018.

The year was marked by scandals for all the big names when taking into consideration the technology sector. However, Bezos was the one executive who was successful in coming out of it unscathed.

The CEO of Amazon has unseated the founder of Microsoft, Bill Gates at the beginning of the year so as to claim the title of being the richest man in the world. Gates had received the top ranking of the richest American for 24 years by Forbes.

Bezos has precisely accumulated $24 billion more to than any of the richest 500 people in the Billionaires of Bloomberg.

Amazon, the biggest e-commerce giant

Source: CDN

His net worth

The CEO of the world’s biggest e-commerce giant has a net value of $123 billion by the end of 2018. By accumulating this value, Bezos has become the one person who has his net worth in 12 digits, on the list.

Despite this, this is not his peak when it comes to taking into consideration the net worth. Over the summer, the net worth of Bezos had surpassed $150 billion mark so as to become the richest man in the modern history of the world.

Putting things into perspective

When placing that in the right order, it comes out that Jeff makes about $4.5 million each hour of the year. According to the calculations made by Business Insider, with that huge sum of money that Bezos has, spending $88,000 for him is like $1 by an average American.

Huge sum of money

Source: Jooinn

Future ahead

If taking into consideration the rapid as well as growing expansion of the e-commerce giant in 2018 into fields like cloud computing as well as pharmaceuticals, then there is no sign of of it CEO slowing down any sooner.

There are huge chances that if the scenario remains somewhat the same then Bezos will continue reigning on the throne to the title of being the richest person in the world.

Overall view

Despite the fact that Jeff Bezos witnessed a rise in his fortune, there were many who could not experience the same. The most scandalous of them was the loss incurred by the founder and CEO of the social media giant, Mark Zuckerberg.

Mark Zukerberg, the CEO of Facebook

Source: Wired

According to the billionaire rankings of the Bloomberg, Zukerberg lost the maximum sum in 2018 when his net worth had hit $20 billion. At the moment, his net worth is pegged up at $52.9 billion.

Source: Business Insider, Bloomberg

Ketakee Srivastava
I am an amateur content writer, who is currently pursuing a Masters in Finance from ICFAI Business School. In this highly volatile Business Market, I find no better way to keep myself updated than to write about it and reflect my own thoughts as words.

Five Black Coaches Fired from the NFL Outrages the Sports Media

Previous article

Medicine for Blood Pressure was Recalled due to Concerns Related to Cancer

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Business