Jeff Bezos becomes the richest man in human history
Jeff Bezos, Amazon’s CEO is a man with a total net worth of $151 billion, which is almost three and a half times more than that of Mukesh Ambani’s, who is currently the third richest man in the whole of Asia. Also, his net worth is now 60% higher than the net worth of the world’s second richest man, Bill Gates., who was once considered the richest man on earth and he maintained this status for a v very long time until last year when Jeff Bezos stepped into the competition. Bezos also owns aerospace company Blue Origin, Washington Post and has invested in companies such as Twitter and Google.
The inspiration for Amazon came to Bezos while he was on a road trip from New York to Seattle. It started as a platform that sold books online.
In the last five years, Amazon’s market capitalization has escalated from $130 billion to roughly $890 billion, multiplying over six times. Its revenue hit $178 billion in 2017.
In February, Amazon’s market value transcended Microsoft, making it the third most valuable company in the world behind Apple and Google.
Today, Amazon has over 310 million accounts online and sells everything from books, electronics to fashion and food. It also has a streaming business through Prime video and Prime Music and has an offline manifestation across the globe.
Amazon has also made several large-scale accessions. In June 2016, it bought grocery chain Whole Foods for $13.7 billion, thus plundering into offline marketing. Amazon also acquired live-streaming website Twitch as also IMDB, Zappos, Kiva Systems, Alexa, Fabric.com, Goodreads among others.
Bezos has broken the barrier and has added himself into the distinction of becoming the first person to break the $100 billion barriers, according to Forbes, which started compiling its list since 1987.