Business & Leadership

Jeff Bezos, the richest man in the world

Estimated at $99 billion, Jeff Bezos's fortune can be explained by the rise in his company's share price. Twenty-one years after its creation, Amazon is more than ever the undisputed leader in e-commerce.

Estimated at $99 billion, Jeff Bezos's fortune can be explained by the rise in his company's share price. Twenty-one years after its creation, Amazon is more than ever the undisputed leader in e-commerce.


Twenty-seventeen was a successful year for Amazon with a 57% increase in its share capitalization to $563 billion. One of the main reasons for this increase the takeover of Whole Foods, an American organic brand, for $13.7 billion – Amazon’s biggest-ever acquisition. At the head of this empire: Jeff Bezos owns 16.4% of the company with $33.7 billion more than in 2016.

 

Bezos’ fortune has reached $99 billion according to the Bloomberg billionaires ranking. The Princeton's graduate, who formerly worked in a speculative fund, has now ousted Bill Gates ($91.8 billion) and businessman Warren Buffet ($85.3 billion) to become the richest man in the world.

 


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