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Amazon CEO emerges world’s richest man

By Balogun Alabi with News agency report,

The Chief Executive Officer of Amazon, Bezos Jeff, has emerged the world richest man, dethroning the world’s richest man and owner of Microsoft, Bill gate.

It was gathered that Bloomberg and Business magazine, forbes, have placed Jeff ocer Gates on top of their billionaire lists.

Bloomberg magazine was said to have disclosed that Jeff’s net worth reached 106 billion United States dollars while Forbes placed at 105 billion.

However, the magazines yesterday said that majority of amazon’s boss net worth came as a result of the 78.9 million shares of Amazon stock he owned.

The magazines confirmed that shares of Amazon (AMZN) climbed nearly 57 percent in 2017, while the previous record was held by Microsoft founder Bill Gates with 100 billion in 1999.

According to an analysis of transaction data by Earnest Research in New York, U.S., amazon company managed to make up 89 percent of online spending among major retailers in the five-week period beginning during Thanks giving in 2017.

The magazines revealed that Bill Gates currently holds number two position on both of the fortune lists with roughly 92 billion dollars.

However, some of bill’s followers argued that bill would have maintained his first position if not for his significant charitable contributions.

According to Bloomberg, Bill has given away almost 700 million Microsoft shares, worth 61.8 billion dollars at today’s value, as well as 2.9 billion dollars of cash since his debut in 1996.

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