Movers

Jeff Bezos' Net Worth Just Broke $150 Billion, Making Him the Richest Man in Modern History

Right on the eve of Amazon Prime Day.
IMAGE Getty
Comments

Last week, we accepted the news that Kylie Jenner will knock Mark Zuckerberg from the top seat to become the youngest ever self-made billionaire. This despite the fact that the "self-made" title is a stretch for a woman who wouldn't be anywhere without her family's fame.

This week, we accept the news that Jeff Bezos, the founder of Amazon, just became the richest man in modern history. Champagne all around.

Bloomberg reports that Bezos' net worth briefly broke the $150 billion mark yesterdat, right on the eve of Amazon Prime Day. No single human has been that rich since 1982, when Forbes started tracking rich people's wealth. Bill Gates came close during the dot com boom in the late '90s, but his wealth peaked at a mere $100 billion—that's about $149 billion now, with inflation.

By the end of the day, Forbes reports that Bezos' wealth dipped back down to $149.7 billion when Amazon's shares fell. Still, Bezos is worth about $56 billion more than Gates.

ADVERTISEMENT - CONTINUE READING BELOW

Much of Bezos' wealth comes from Amazon, which is why it fluctuates when Amazon's market shares fluctuate; he owns 16 percent of the company. He spends a lot of money on Blue Origin, which competes directly with SpaceX in space travel. He also owns The Washington Post. Nice work if you can get it.

Bezos is less generous with his billions than Gates and Gates' foundation. However, he funded scholarships for DACA students this year, and he tweeted in April that he's planning to do more philanthropic work. Hey, that's a start, right?

This story originally appeared on Esquire.com.

* Minor edits have been made by the Esquiremag.ph editors.

Comments
View More Articles About:
Recommended Videos
About The Author
Sarah Rense
View Other Articles From Sarah
Comments
Latest Feed
 
Share
Give these haberdasheries a call for your tailoring needs.
 
Share
Check out these bars for your fix of booze and grub.
 
Share
A more seamless and effortless shave awaits.
 
Share
 
Share
Disney+'s flagship series is a stylish space western set in the galaxy's underbelly.
 
Share
 
Share
Steve McQueen's iconic Le Mans timepiece has a storied history
 
Share
Bill banning single-use plastics may receive the President’s support.
Load More Articles
Connect With Us