Jeff Bezos ends Bill Gates' 24 year run atop the Forbes 400 list

[Shawn Knight]

What just happened? Bill Gates had an impressive run atop the Forbes 400 list but has relinquished his spot to Amazon boss Jeff Bezos. If things continue to trend upward for Amazon, Bezos could easily extend his lead two-fold over Gates in the coming year.

For the first time since 1994, Bill Gates isn’t the wealthiest person in the US. According to the latest figures from the Forbes 400 list, Amazon founder and CEO Jeff Bezos has supplanted Gates atop the prestigious list with a net worth of $160 billion.

Bezos saw his fortune swell by a staggering $78.5 billion over the past year thanks to the incredible success of Amazon’s stock during the same period. It marks the biggest one year gain since Forbes started tracking fortunes.

Bezos passed Gates on the Bloomberg Billionaires Index earlier this year.

In terms of the biggest gain percentage wise, that honor goes to Twitter and Square CEO Jack Dorsey who saw his fortune jump 186 percent to $6.3 billion year-over-year.

Microsoft co-founder Bill Gates is now firmly positioned in second place with a net worth of $97 billion, followed by investor Warrant Buffett at $88.3 billion, Facebook founder and CEO Mark Zuckerberg with a fortune of $61 billion and software entrepreneur Larry Ellison at $58.4 billion.

Forbes notes that the minimum net worth needed to crack the list now sits at $2.1 billion and that the total net worth of all list members is a colossal $2.9 trillion, a record high.

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https://www.techspot.com/news/76751-jeff-bezos-ends-bill-gates-24-year-run.html

 

[amstech]

I like Amazon, decent place to find products and good shipping times, that being said Amazon is average at best, just like an iPhone is average at best, but popularity sells. I routinely fine better prices elsewhere but Amazon is a good place to bounce off of and once in a blue moon had the best price on something.

In a culture based around looking good over feeling good, its no surprise to see them continue to climb. Go Amazon. Sell, sell sell.

 

[ForgottenLegion]

I like Amazon, decent place to find products and good shipping times, that being said Amazon is average at best, just like an iPhone is average at best, but popularity sells. I routinely fine better prices elsewhere but Amazon is a good place to bounce off of and once in a blue moon had the best price on something.

In a culture based around looking good over feeling good, its no surprise to see them continue to climb. Go Amazon. Sell, sell sell.

Prime unlimited next day shipping keeps me ckming back for more. Hard to beat such service.

 

[Dimitrios]

I like Amazon, decent place to find products and good shipping times, that being said Amazon is average at best, just like an iPhone is average at best, but popularity sells. I routinely fine better prices elsewhere but Amazon is a good place to bounce off of and once in a blue moon had the best price on something.

In a culture based around looking good over feeling good, its no surprise to see them continue to climb. Go Amazon. Sell, sell sell.

Prime unlimited next day shipping keeps me ckming back for more. Hard to beat such service.

True. I like the video selection they have. I don't miss NETFLIX at all.

 

[Footlong]

I like Amazon, decent place to find products and good shipping times, that being said Amazon is average at best, just like an iPhone is average at best, but popularity sells. I routinely fine better prices elsewhere but Amazon is a good place to bounce off of and once in a blue moon had the best price on something.

In a culture based around looking good over feeling good, its no surprise to see them continue to climb. Go Amazon. Sell, sell sell.

If you consider Iphone avarage I really have to guess what you find top notch.

 

[OutlawCecil]

Watch this video. Short on time? Start at about 3:45 but I'm telling you, the whole video is very telling!

 

[Lionvibez]

Watch this video. Short on time? Start at about 3:45 but I'm telling you, the whole video is very telling!

Watching this makes you understand why some people choose to be criminals than to earn honest money the system is stacked against you.

 

[ForgottenLegion]

If you consider Iphone avarage I really have to guess what you find top notch.

"top notch"

Oh it certainly has that 'feature'

 

[EClyde]

Hey Jeff...It's my daughters birthday today could ya help me out with a few bucks? Oh thank you Sir, God Bless You. Oh and Sir they are twins. Thanks for that Cheech and Chong

 

[LenovoX]

I like him... he just give 2 billions to poor's... I mean, $1/pers./year 2018... great man! 0.2 cents a day is a great achievement! Keep up the good work bezos!!!

 

[mbrowne5061]

I'm sure the fact the Bill has been actively trying to spend his fortune also has nothing to do with it.