Jeff Bezos Now Richer Than Bill Gates As Net Worth Jumps Over $105B

Amazon founder Jeff Bezos’s net worth has continued to soar after climbing past the $100 billion mark from last year’s Black Friday sales. Fresh into the new year, his net worth jumped over $105 billion, surpassing Microsoft founder Bill Gates’s $93.3 billion.

Amazon Continues To Go Up

Bezos’s rising net worth is due to Amazon’s growth over the last year, when it bounced almost 57 percent. This is because of Amazon’s dominant performance during the online holiday season.

Amazon dwarfed other online retailers, encapsulating 89 percent of online spending among dominant holiday retailers in the five-week period starting the day after Thanksgiving Day.

Bill Gates’s fortune would have been a lot higher had he not donated much of it to charity. Gates has given away 700 million shares of Microsoft, which are worth more than $60 billion along with almost $3 billion in cash. It is estimated that Gates’s net worth would be more than $150 billion.

Jeff Bezos’s wealth jumped almost $40 billion over the last year. While Amazon is where the bulk of his fortune comes from, he has also diversified into other fields. Bezos also owns The Washington Post and has branched out into spaceflight with the company Blue Origin.

Source: TechTimes

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