Amazon CEO Jeff Bezos is now worth over $200 billion
Jeff Bezos first crossed the $200 billion mark last year, making him the first-ever person to hit the mark according to Forbes.
The world’s richest person, Jeff Bezos, is once again worth more than $200 billion, as shares of Amazon AMZN +0.3% rose in anticipation of the company’s first-quarter earnings report later this week, according to Forbes report.
Shares of the e-commerce giant were up 1.1% as of 11:00 a.m EST on Wednesday, pushing Bezos’ net worth up by $2.3 billion—to $201 billion—according to Forbes’ calculations. Investors have been eagerly awaiting Amazon’s earnings for the beginning of 2021, which the company will release after the market closes on Thursday.
Bezos is the first person in history to be worth more than $200 billion, but it’s not his first time hitting the milestone. He first passed the $200 billion mark in August 2020, an achievement previously unseen in the nearly four decades Forbes has been tracking billionaire net worths. Amazon stock soon fell, dropping Bezos’ fortune under $200 billion for the rest of 2020 and early 2021.
The Amazon founder and CEO are now $15 billion richer than French luxury tycoon Bernard Arnault, the world’s second-wealthiest person, and $30 billion richer than Tesla TSLA -2.2% CEO Elon Musk, who briefly took the top spot in January but is now number three in the world.
While Bezos passed the $200 mark on Wednesday, two other billionaires passed the $100 billion mark. Google GOOG +2.1% cofounders Larry Page and Sergey Brin hit centibillionaire status as shares of Google-parent Alphabet rose by 4.2% as of 11:00 a.m. EST, with the stock rallying on the back of blowout first-quarter earnings. Page’s net worth rose by $4.1 billion, to $103.5 billion, while Brin’s fortune increased by $4 billion, to $100.3 billion. The pair are now the sixth- and eighth-richest people in the world, respectively, according to Forbes’ estimates.
Their company reported a second consecutive quarter of record profit late on Tuesday, easily beating analyst expectations. Alphabet saw $55 billion in revenue for the first quarter, an increase of 34% from a year ago when advertising sales took a hit from the coronavirus pandemic.
Investors were also particularly excited about YouTube’s continued growth, as the video streaming platform raked in $6 billion in revenue, nearly a 50% increase from the year prior.
What you should know
His closest rival, Elon Musk has slid further down the table with his net worth currently at $179bn. The gap between the two wealthiest men in the world has increased to $22bn.
Jeff Bezos currently lost a lucrative NASA bid to Elon Musk. His space program so far has not been as successful as that of Elon Musk.