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Amazon CEO, Jeff Bezos Dethrones Bill Gates to Become World’s Richest Man

Farouk Mohammed
By Farouk Mohammed
Published: July 27, 2017
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Chief Executive Officer and founder of Amazon, Jeff Bezos, according to Forbes, is the richest person in the world after his company’s stocks rose by 1.6% on Thursday.

Forbes had reported Wednesday night that Bezos was less than $1bn away from being the richest person in the world.

Bezos’ net-worth has increased by $2.5bn this week alone, stocks of his company rising 3.6%.

He is now worth $90.6bn, becoming the first man ever to top a $90 billion fortune.

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The Amazon owner ‘s worth is more than $500m ahead of no. 2 Bill Gates, who is the founder of Microsoft.

Bezos quit his job at a hedge fund to start his online bookselling website in a garage in Seattle in 1994.

He first featured on the 400 richest Americans list in 1998, a year after Amazon went public, with a $1.6 billion fortune.

Gates’ first inclusion in the billionaire’s list was in 1982 and he has been no. 1 for 18 of the past 23 years.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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