Amazon’s Jeff Bezos becomes first person to ammas $100B on Forbes list

1
541
Jeff Bezos,Forbes,Amazon

Amazon CEO Jeff Bezos has become the first person to amass a fortune surpassing $100 billion in Forbes magazine’s annual ranking of the world’s moguls.

The milestone announced Tuesday underscores the growing clout of Bezos and the company he founded in 1994 as an online bookstore.

Forbes estimates Bezos’ wealth at $112 billion as of Feb. 9, up from about $73 billion last year, thanks to Amazon’s surging stock price.

President Trump didn’t fare as well financially during his first year in office. Forbes says his fortune fell by about $400 million to $3.1 billion.

Source- AP

1 COMMENT

  1. Sorry, but blah, blah ,blah. The reality is that the internet changed retail, period. Guys like Bezos spotted the opportunities first. Why would anybody open a business and carry inventory, and hope to sell this inventory at a profit, when Bezos just opens a website and takes a bite of every sale and others pay and supply inventory??? This revolutionary business model is now being recognized throughout business, most definitely in banking, govt and sadly socially. Individuals with tech savvy or who can pay for the best tech savvy will ruthlessly exploit any new openings. I am 61 yrs old. The internet changed everything except human nature.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.