Jeff Bezos is officially the richest person in modern history
Remember when Microsoft’s Bill Gates was the quintessential icon of modern wealth? See you later, Bill. There’s a new sheriff in town. His name’s Jeff Bezos. The Amazon tycoon just passed the $150 billion mark, making him the richest person in modern history.
How Rich Is $150 Billion?
For Bezos, business is booming. It’s also blowing his competition out of the water. Bill Gates, the second-richest person in the world, is a whole $55 billion poorer than Bezos. The title of “Richest Ever” even accounts for inflation.
Gates hit the $100 billion mark in 1999. Adjusting for inflation, this puts Gates at the equivalent of $149 billion in today’s terms. Congrats, Bezos! No matter which way you slice it, you’ve got a bigger piece of the pie.
How Bezos Did It
Bezos founded Amazon in Seattle, Washington in July of 1994. Back then, it was an unimposing online bookstore nestled in the dreary Northwest. Amazon still calls Seattle home, but they’ve since ditched the garage.
With the help of Angel investors, Amazon has skyrocketed to financial glory. They’ve even won an Oscar. This year alone, Bezos’ wealth exploded by $52 billion. Amazon’s stock price hovers around a “respectable” $1,825 a share.
Bezos vs. The World
$150 billion is a colossal number. Grasping it is kind of like trying to visualize swimming across the ocean. Bezos is worth nearly as much as the Walton family, the world’s richest family. The Waltons, who sit atop the Walmart empire, are worth approximately $151.5 billion. As for how Bezos plans to spend his winnings, he has a very clear goal in mind.