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