CEO of Amazon, Jeff Bezos on Wednesday, crossed a new milestone with Amazon stock edging up 2%, taking his net worth up by $4.9 billion thereby making him the world’s first-ever person to amass a $200 billion fortune.
This new level achieved by the 56-year-old is a milestone previously unseen in the nearly four decades of Forbes tracking net worths.
The breakthrough occurred on August 26 when shares of the Seattle company soared over $3,404 a share for the first time ever.
The stock continued higher in afternoon trading to end the day up 2.85 percent, or $95.36 a share, to $3,441.85 — pushing Bezos’s net worth up $5 billion to a massive $202 billion.
Bezos is now $77.7 billion richer than Microsoft founder, Bill Gates, who long held the title of world’s richest man but now sits comfortably in the No. 2 spot with $124.3 billion.
Facebook CEO, Mark Zuckerberg comes in third with a net worth of $114.7 billion, according to the Bloomberg Billionaires Index.
Bezos is also now wealthier than all three of America’s Walton siblings combined, who each hold an equal stake in Walmart, Amazon’s longtime retail nemesis. The Waltons have a combined net worth of $173 billion, Bloomberg reports.
Excluding the $87 billion Bezos has added to his fortune in 2020, the next 10 richest people in the world have seen their wealth grow by more than $150 billion this year, according to Bloomberg.