Current Affairs

Amazon CEO Jeff Bezos Becomes Richest Man in History

The Bloomberg Billionaires Index showed that the founder and CEO of Amazon, Jeff Bezos has become the richest man in the history.
  • He has overtaken Bill Gates to become the richest man.
  • According to Forbes Tracker, Jeff Bezos has accumulated USD 104.4 billion as net worth.
  • Most of his wealth comes from his 78.9 million shares of Amazon stock.
  • Shares of Amazon rose recently by nearly 7% after rising about 56% in 2017.
  • Bezos grabbed the title of world's richest person in July when he briefly passed Bill Gates. He moved back ahead of Gates in October.
  • He first crossed the $100 billion net worth mark in November at the start of the holiday shopping season, once again helped by the stock performance of Amazon.


It is an American electronic commerce and cloud computing company based in Seattle, Washington that was founded by Jeff Bezos on July 5, 1994. It is the largest Internet retailer in the world measured by revenue and market capitalization. The website started as an online bookstore and later diversified to sell video downloads, MP3 downloads, software, games, electronics, apparels, furniture, food, jewellery etc. The company also produces consumer electronics—Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world's largest provider of cloud infrastructure services. Amazon is the fourth most valuable public company in the world, the largest Internet company by revenue in the world, and the eighth largest employer in the United States.
Amazon CEO Jeff Bezos Becomes Richest Man in History Amazon CEO Jeff Bezos Becomes Richest Man in History Reviewed by Aman Bhatia on January 12, 2018 Rating: 5

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