Business

Jeff Bezos, owner of Amazon, becomes the richest man on earth

Jeff Bezos, owner of Amazon, becomes the richest man on earth
Written by Abhishek Rana

Jeff Bezos has become the richest man on earth, with a net worth of 93 Billion and has beaten Bill Gates, who has a net worth of 88 billion. This might be a result of the rise in the shares of Amazon, as Bloomberg put its daily ranking of the most richest people in the world, and it showed an addition of USD 10.4 Billion to Bezos’ wealth, which could have been because of the rise in the shares of Amazon. Bezos had, earlier this year, pushed past Bill gates in the rankings, when the shares had risen 1.6 percent in a day.

The ranking of Bezos isn’t that surprising, especially because the company has been expanding its avenues to the farther reaches of the commodity consumption, from books to movies to serials, as Amazon has become one of the most famous distributor of movies and getting them Oscars, and other awards.

Bill Gates, however can’t been taken out of the question, because he usually donates movies to charities and other foundations. For example, Bill Gates donated US 4.6 billion dollars to the foundations, and this was the biggest donation he has given since 2001. So, Bill Gates has hardly to care anything about the ranking, and should be able to make it back soon.

About the author

Abhishek Rana

Since my early childhood, I’ve loved writing, watching movies and having an opinion. Now, I do it professionally. Always looking for new ways to challenge myself.