Jeff Bezos 1st person ever to be worth over $200 billion

Amazon Founder and CEO Jeff Bezos has become the world’s first person with a net worth of over $200 billion, according to Forbes and Bloomberg Billionaires Index. The net worth of the world’s richest person went up by $4.9 billion after Amazon stock edged up 2% as of Wednesday afternoon, Forbes reported. The explosive growth in Bezos’ fortune is being driven by his holdings in Amazon (AMZN). The company’s stock is up about 25% over the last three months and 86% so far this year, according to data from Refinitiv.Bezos, who founded Amazon in 1994, keeps breaking records with his wealth. In 2017, he became the richest person on the planet. And last month, his estimated net worth jumped to almost $172 billion, marking a new global high. Bezos also owns aerospace company Blue Origin, the Washington Post and other private investments. However, his nearly 11 per cent stake in Amazon makes up over 90 per cent of his massive fortune. The e-commerce giant saw a huge spike in demands for its services amid the Covid-19 pandemic. Since the beginning of 2020, Amazon stock is up nearly 80 per cent, said the Forbes report, adding that Bezos’ net worth on January 1 was roughly $115 billion. While Forbes said that Bezos became worth $204.6 billion at 1.50 pm EDT on Wednesday, the Bloomberg Billionaires Index currently puts his net worth at $202 billion. The person who is closest to Bezos now is Microsoft Co-Founder Bill Gates who is currently worth $116.1 billion, according to Forbes, while the Bloomberg Billionaires Index put his net worth at $124 billion.As per the Bloomberg Billionaires Index, Bezos’ fortune is equivalent to 3.02% of the total wealth of the 500 richest people in the world. The person who is closest to Bezos now is Microsoft Co-Founder Bill Gates who is currently worth $116.1 billion, according to Forbes, while the Bloomberg Billionaires Index put his net worth at $124 billion.Meanwhile, Facebook chief Mark Zuckerberg’s net worth increased to $115 billion as his wealth rose by a whopping $8.49 billion on a single day.  Tesla CEO Elon Musk also entered the centibillionaires club with his net worth climbing to $101 billion on the back of a strong rally in US stocks.