August 13, 2020

Why Jeff Bezos became the richest person in the world?

Why Jeff Bezos became the richest person in the world?

Jeff Bezos is still the richest man in the world, even after losing USD10 billion in a year.

Amazon’s founder still is the top spot on this 2020, Bloomberg Billionaire index with an estimated net worth of $ 115 billion. He is followed closely by Microsoft founder Bill Gates, with an estimated worth of $ 113 billion.

This is the only three billionaires on the list with their net worth over 100 billion of over $ 100 billion, Bezos, Gates and French business magnate Bernard Arnault.

Bezos expected to lose first place in the billionaire index after a difficult year for his finances. As part of his divorce settlement with his ex-wife Mackenzie Bezos, he retained 75% of the pair’s Amazon shares.

The rest went to his ex-wife, who also received a 4% stake in the company. That was about $ 37 billion, making her the 25th richest person in the world.

Gates precipitated Bezos shortly in November after Amazon’s earnings fell nearly 28% from the previous year, while Microsoft’s stock rose 48%. But his time at the top was short-lived.

Familiar faces complete the top 10. Warren Buffett and Mark Zuckerberg mark fourth and fifth places. The Facebook founder added $ 26.3 billion to his personal wealth this year.

Julia Flesher Koch, widow of conservative businessman David Koch and the only woman in the top 10, is worth $ 62 billion.