{"id":340033,"date":"2017-07-27T16:11:14","date_gmt":"2017-07-27T16:11:14","guid":{"rendered":"http:\/\/citifmonline.com\/?p=340033"},"modified":"2017-07-27T16:11:14","modified_gmt":"2017-07-27T16:11:14","slug":"jeff-bezos-overtakes-bill-gates-to-become-worlds-richest-man","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/07\/jeff-bezos-overtakes-bill-gates-to-become-worlds-richest-man\/","title":{"rendered":"Jeff Bezos overtakes Bill Gates to become World’s Richest Man"},"content":{"rendered":"

Amazon CEO Jeff Bezos has overtaken Bill Gates and\u00a0is now the richest person in the world, with a fortune topping $90 billion for the first time ever.<\/p>\n

When markets opened on Thursday, Bezos had\u00a0a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates.<\/p>\n

Amazon stock opened up 1.6% on Thursday, adding $1.4 billion to Bezos\u2019 net worth. That was enough to put him ahead of Gates, who was last surpassed on Forbes\u2019 real-time rankings for just two days nearly a year ago by Spanish retail giant Amancio Ortega.<\/p>\n

Forbes started tracking billionaires around the globe in 1987.\u00a0Bezos is now the seventh person to hold the title of the world\u2019s richest person and the third American to top the global ranks besides\u00a0Gates and Berkshire\u00a0Hathaway CEO\u00a0Warren Buffett.<\/p>\n

While \u00a0Buffett both appeared on Forbes\u2019 first ranking of America\u2019s 400 Richest people in 1982 and Gates joined four years later, Bezos is a newer addition to Forbes\u2019 wealth rankings.<\/p>\n

He first appeared on the Forbes 400 in 1998, a year after Amazon went public, with a $1.6 billion fortune.\u00a0Bezos ranked third richest in the world on Forbes 2017 list of the World’s Billionaires, published in March, with a fortune of $72.8 billion.<\/p>\n

Bezos would be nowhere close to being the world\u2019s wealthiest\u00a0person had Gates not given so much of his fortune to philanthropy. Gates, who created the Giving Pledge with Buffett to encourage billionaires to give at least half of their wealth to charitable causes, had given away $31.1 billion over the course of his lifetime through end of 2016.<\/p>\n

Forbes\u00a0<\/em>estimates that Bezos, who has not signed the pledge, had given approximately $100 million to charity through the end of 2015. In June, Bezos tweeted out a request for ideas for his philanthropy, garnering thousands of responses.<\/p>\n

–<\/p>\n

Source: Forbes<\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon CEO Jeff Bezos has overtaken Bill Gates and\u00a0is now the richest person in the world, with a fortune topping $90 billion for the first time ever. When markets opened on Thursday, Bezos had\u00a0a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates. Amazon stock opened up 1.6% on […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[107],"tags":[9659,9660,9661],"yoast_head":"\nJeff Bezos overtakes Bill Gates to become World's Richest Man - Citi 97.3 FM - Relevant Radio. 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