Jeff Bezos has long been one of the world’s wealthiest people. In fact, Bill Gates and Warren Buffet now trail Bezos on Bloomberg’s “wealth list.”
The Amazon.com Inc. founder’s net worth broke $150 billion in New York on Monday morning, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person.
Bezos, 54, has now topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $149 billion in today’s dollars. That makes the Amazon chief executive officer richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking. –Bloomberg
“It’s hard to even put it in perspective,” said Michael Cole, CEO of Cresset Family Office. “It’s such a staggering number.” A Federal Reserve report found the top 1 percent of U.S. families controlled 38.6 percent of total wealth in the U.S. in 2016, compared with 22.8 percent held by the bottom 90 percent. Last year, Oxfam International found that more than 80 percent of earnings went to the top 1 percent of the world population.
Bezo’s net worth increased by more than $52 billion just this year putting his personal fortune within spitting distance of the Walton family’s $151.5 billion, which is the world’s richest dynasty.
Well, according to statists anyway. The richest dynasty is actually the United States federal government, which steals more than $1 trillion in taxes every year from those they claim to have the right to rule over. Too bad they have a spending problem – all those cops and guns to force people to hand over their personal wealth to the government isn’t cheap. Now, pay up!
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