Jeff Bezos becomes worth $200 billion, the first person ever
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
February 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, FEBRUARY 04, 2023
Jeff Bezos becomes worth $200 billion, the first person ever

World+Biz

TBS Report
27 August, 2020, 11:00 am
Last modified: 27 August, 2020, 11:51 am

Related News

  • Google, Apple, Amazon give investors reason to fret
  • One third of Amazon 'degraded' by human activity, drought: study
  • Jeff Bezos to sell Washington Post to buy NFL team Commanders
  • Brazil begins first operations to protect Amazon
  • Brazilian Amazon deforestation up 150% in Bolsonaro's last month

Jeff Bezos becomes worth $200 billion, the first person ever

Even adjusting for inflation, Forbes believes Bezos' fortune is the largest ever amassed

TBS Report
27 August, 2020, 11:00 am
Last modified: 27 August, 2020, 11:51 am
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, US, May 9, 2019/ Reuters
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington, US, May 9, 2019/ Reuters

Jeff  Bezos has become wealthier than he has ever been by his net worth $200 billion.

He crossed a milestone previously unseen in the four decades on early Wednesday, reports Forbes. 

With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth is up by $4.9 billion, making the 56-year-old the world's first-ever person to amass a $200 billion fortune.

As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world's second-richest person, Bill Gates, who's currently worth $116.1 billion. 

Even adjusting for inflation, Forbes believes Bezos' fortune is the largest ever amassed. The person to come closest is Gates, who was the world's first-ever centibillionaire. Near the height of the dot-com bubble, when Microsoft reached its then-peak in 1999, Gates' net worth surpassed $100 billion, roughly $158 billion in today's dollars.

Jeff Bezos sells Amazon stock worth $2.8 billion last week

Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos' net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos' roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.

Bezos would be even richer had he not gone through the most expensive divorce settlement in history last year. When he split from ex-wife, MacKenzie Scott, last July, he agreed to give her 25% of his Amazon stake, a chunk of stock now worth $63 billion. Even after giving away $1.7 billion in charitable gifts earlier this year, Scott is currently the world's 14th-richest person and second-richest woman, behind L'Oréal heiress Françoise Bettencourt Meyers. 

Bezos isn't alone among tech titans with fortunes surging to massive new heights. Facebook's Mark Zuckerberg ended Tuesday as a brand-new centibillionaire, worth $103.1 billion after adding $3.4 billion to his fortune in one day, on Facebook stock gains. That surge continued early Wednesday afternoon, with Zuckerberg up an astonishing $6 billion just on Wednesday as of publication time. He's now worth $109.1 billion.

There are now more centibillionaires on the planet than ever. Joining Bezos, Gates and the newly crowned Zuckerberg is LVMH chair Bernard Arnault, who first joined the 12-figure ranks last year. Though his net worth slipped to about $80 billion at the height of the coronavirus pandemic in March, Arnault reclaimed the centibillionaire title in May and today is worth about $115 billion. This makes him the third-richest person on earth–$90 billion poorer than Jeff Bezos.

Update 8/26/2020, 6:05 p.m.: A regulatory filing made public late Wednesday revealed that Bezos donated 7,548 Amazon shares–worth about $26 million–to an undisclosed nonprofit organization. At market close on Wednesday, Bezos was worth $205 billion.

Top News

Jeff Bezos / World's richest person / Amazon

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Influentials thwart Bangladesh's reform attempts: Economists
    Influentials thwart Bangladesh's reform attempts: Economists
  • The Adani Group headquarters in Ahmedabad. Photo: Bloomberg
    Adani Enterprises shelves $122 million bond plan
  • Illustration: TBS
    Cash-strapped banks fail to maintain emergency cash

MOST VIEWED

  • Indonesian Foreign Minister Retno Marsudi and Foreign Ministers of the Association of South East Asian Nations (ASEAN), including East Timor's Minister of Foreign Affairs and Cooperation Adaljiza Magno prepare to pose for group photos during the 32nd ASEAN Coordinating Council (ACC) meeting at the ASEAN Secretariat in Jakarta, Indonesia, February 3, 2023. REUTERS/Willy Kurniawan
    ASEAN chair Indonesia to intensify talks on code for South China Sea
  • Photo: Collected
    Google invests almost $400M in ChatGPT rival Anthropic
  • FILE PHOTO: Crude oil tanker Advantage Angel sails in the Bosphorus, on its way to the Mediterranean Sea, in Istanbul, Turkey December 12, 2022. REUTERS/Yoruk Isik
    US warns Turkey on exports seen to boost Russia's war
  • FILE PHOTO: Brazilian aircraft carrier Sao Paulo is seen in this handout picture, June 7, 2011. Brazilian Navy/Handout via REUTERS
    Brazil sinks rusting old aircraft carrier in Atlantic despite pollution risk
  • Israeli forces kill unarmed Palestinian man in occupied West Bank
    Israeli forces kill unarmed Palestinian man in occupied West Bank
  • Photo: Collected
    Indian ministry reviews Adani Group financial statements

Related News

  • Google, Apple, Amazon give investors reason to fret
  • One third of Amazon 'degraded' by human activity, drought: study
  • Jeff Bezos to sell Washington Post to buy NFL team Commanders
  • Brazil begins first operations to protect Amazon
  • Brazilian Amazon deforestation up 150% in Bolsonaro's last month

Features

Sketch: TBS

Say 'Salud' before your salad main course

10h | Food
Coots running. Photo: Enam Ul Haque

Cute Coot of Baikka Beel: 'And yet he was as bald as a coot'

5h | Panorama
With only one government run specialised cancer hospital in the capital — the National Institute Of Cancer Research and Hospital (NICRH) in Mohakhali — patients have no option but to resort to private hospitals. Photo: Noor A Alam.

Cancer care: Medical treatment and beyond

11h | Panorama
Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

1d | Panorama

More Videos from TBS

Prioritise medical equipment, raw material imports over luxury items

Prioritise medical equipment, raw material imports over luxury items

2h | TBS Round Table
Adani row rocks India’s parliament

Adani row rocks India’s parliament

1h | TBS World
Concord launches new plant to produce environment friendly bricks

Concord launches new plant to produce environment friendly bricks

7h | TBS Stories
How Asif Khan would invest his fresh funds right now

How Asif Khan would invest his fresh funds right now

8h | TBS Markets

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]