Amazon founder and chief executive, Jeff Bezos, has been named by Forbes Magazine in its latest edition as the world’s richest man with 112bn dollar fortune. He replaces Microsoft co-founder, Bill Gates, who fell back into second place with 90bn dollars.
He's richer than Bill Gates wirh 22 Billion Dollars. How did he do it?
Forbes calculated that Bezos’s fortune, which is mostly held in Amazon shares, increased by 39.2bn dollars over the past year.
The biggest ever one-year gain . Amazon’s shares have nearly doubled from 846 dollars a share last March to 1,523 dollars per share last night.
Gates, who had topped the Forbes billionaires list for 18 of the last 24 years, saw his fortune rose modestly from 86bn to 90bn dollars.
Collectively, the world’s 2,208 billionaires hold 9.1tn dollars more than three times the gross domestic product (GDP) of the UK.
The billionaires increased their combined wealth by 1.4bn dollars over the past year.
The list is published in Forbes’s latest edition under the headline “The super-rich continue to get richer, widening the gap between them and everyone else”.
Twelve out of the top 15 richest people are from the US, with investor Warren Buffett in third place (with $84bn) and Facebook’s Mark Zuckerberg in fifth ($71bn).
France’s Bernard Arnault of luxury goods group LVMH is the richest person from outside of the US with a $72bn fortune.
The number of women on the list increased from 227 to 256. A record 72 of the women made their own fortunes. The world’s richest self-made woman is Hong Kong’s Zhou Qunfei, founder of smartphone screen maker Lens Technology.
The Forbes’ billionaires list is based on share prices and other financial data on 9 February 2018. The magazine also noted that the U.S president Donald Trump’s fortune had fallen for the second year running in annual ranking of the world’s wealthiest people.
It said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.
“It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year,’’ it said.
The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.
Forbes said a record 35 people have joined the list of the world’s billionaires, with the magazine calculating there are now 2,208 people with a net worth of more than 1bn dollars.

source http://www.ralugist.com/2018/03/how-this-man-jeff-bezos-beat-bill-gates.html?m=1

cc: Lalasticlala OAM4J , Mynd44

Post another topic on how Baba will soon beat Dangote to become Nigerias richest man

"The Rich Keeps Getting Richer, The Poor Keeps Getting Poorer" I So Much Hate That Philosophy. Some Of Those Men In The Forbe's List Didn't Born Into Wells Of Wealth. So Get Your Ass Up, Plan And Work Yourself Out Of Current Position. The Keyword Here Is Savings And Investment. Even If You Don't Make That Forbe's List, Make A Difference In Your Society With Your Wealth, Help Other Poor People Too. Some Philosophies Have Killed So Many Potentials. I'm Not Lying

One way is closure of Amazon accounts with huge gift card balances once receipt can’t be produced. Yeah yeah

essay123:
One way is closure of Amazon accounts with huge gift card balances once receipt can’t be produced. Yeah yeah

Not exactly.
Amazon have over $30 billion in unused gift cards. Liability.
Now even when a gift card is redeemed, until it is actually spent it does not count as revenue, but still a liability. So I do not see how closing accounts with unspent balances adds to Amazon's Net worth.

Bill is still richer. He's a philanthropist and a large chunk of his wealth goes to charity. Who Jeff epp?

Check my signature if you need a beautiful and mobile friendly website design for your business or organization without advanced payments. Let's do business

As if dia wealth can help us remove the man at aso rock

Seeing news like makes one hate going to work

He's a tither ooooo

We have known this since last year.



Someone should please tell us how we can fast forward time so that sai barber of our economy can leave

FP tinz

How much is the owner of Forbes magazine worth? How he is busy counting other people's billions

No possition is permanent

Being rich is a decision many ppl make, but take the wrong step in actualizing it!! God have given us everything we need to be successful.
Many of us have refused to tap on it.

So??

rich men problems.

wonuks:
Bill is still richer. He's a philanthropist and a large chunk of his wealth goes to charity. Who Jeff epp?

Check my signature if you need a beautiful and mobile friendly website design for your business or organization without advanced payments. Let's do business

Ignorance is killing u...
R u sure you can really design a web? Cos apparently, u r too lazy to do a simply Google search.....
Shame

Just a few months, Gate will take over his place black. That Falk can't sustain that position for a long.

wonuks:
Bill is still richer. He's a philanthropist and a large chunk of his wealth goes to charity. Who Jeff epp?

Check my signature if you need a beautiful and mobile friendly website design for your business or organization without advanced payments. Let's do business

Jeff and warren buffet are philantropists too

When will I be rich

BeingFrank:
"The Rich Keeps Getting Richer, The Poor Keeps Getting Poorer" I So Much Hate That Philosophy. Some Of Those Men In The Forbe's List Didn't Born Into Wells Of Wealth. So Get Your Ass Up, Plan And Work Yourself Out Of Current Position. The Keyword Here Is Savings And Investment. Even If You Don't Make That Forbe's List, Make A Difference In Your Society With Your Wealth, Help Other Poor People Too. Some Philosophies Have Killed So Many Potentials. I'm Not Lying

nice comment bt y d bolded at d end naaa

Ok

The magazine also noted that the U.S president Donald Trump’s fortune had fallen for the second year running in annual ranking of the world’s wealthiest people.
It said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.
“It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year,’’ it said.
The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.

President Buhari(The Saint) borrowed to buy APC presidential form, two years later ,his son crashed with bike worth hundreds of millions unlike Trump who's wealth declined because of campaign.

Igbos won't like this kind of news

Let this Monday be kind to you: be happy with what you have and accept the things which you cannot change. Good morning Nairalanders

Na every year dis man dey beat Bill Gates?

like you'll really show us what and what he actually did

I swear I don't care.