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Tuesday, May 17, 2022

Stats Gate

Jeff Bezos Is Once Again Worth Over $200 billion

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajStats Gate

As shares of the e-commerce giant Amazon (AMZN) rose in anticipation of the company’s first-quarter earnings report, Jeff Bezos is once again worth over $200 billion. The Amazon founder and CEO is now $22 billion richer than Tesla CEO Elon Musk, the world’s second-richest person, and $30 billion richer than Tesla (TSLA) CEO Elon Musk, and $30 billion richer than French luxury tycoon Bernard Arnault.

Shares of the e-commerce giant were up 1.1% on Wednesday, pushing Jeff Bezos’ net worth up by $2.19 billion—to $201 billion—according to Bloomberg’s estimates. Bezos’ fortune is also the equivalent of 1% of US gross domestic product, which sat at $21.6 trillion.

He first became the richest man in the world in 2017. He became the richest man in modern history in 2018 when his personal fortune hit $150 billion. He first crossed $200 billion in late August 2020. He’s now $56 billion richer than Microsoft (MSFT) co-founder Bill Gates, who stands at number four.

While Jeff Bezos passed the $200 mark on Wednesday, two other billionaires passed the $100 billion mark. Larry Page and Sergey Brin hit centibillionaire status. Larry Page’s net worth rose by $2.81 billion, to $107 billion, while Sergey Brin’s fortune increased by $2.7 billion, to $104 billion. Google cofounders are now the 6th and 7th-wealthiest people in the world, respectively, according to Bloomberg’s calculations.

Most of Jeff Bezos’ wealth comes from his stock in Amazon, in which he has an 11% stake, according to 2020 SEC filings cited by Bloomberg. He also owns The Washington Post and the space exploration company Blue Origin.

Top 10 richest people in the world:

  1. Jeff Bezos: $201 billion
  2. Elon Musk: $179 billion
  3. Bernard Arnault: $151 billion
  4. Bill Gates: $145 billion
  5. Mark Zuckerberg: $115 billion
  6. Larry Page: $107 billion
  7. Sergey Brin: $104 billion
  8. Warren Buffett: $103 billion
  9. Steve Ballmer: $91.8 billion
  10. Larry Ellison: $89.3 billion

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.
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