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Amazon Founder Jeff Bezos possesses net worth more than Bill Gates ever did

Amazon Founder Jeff Bezos possesses net worth more than Bill Gates ever did

The net worth of Jeff Bezos has reached $105.1 billion this week as his venture Amazon.com Inc. shares experienced a 12-month high that has lifted the giant online shopping market’s value by more than 56 per cent.

Amazon shares got a step higher to 6.6 per cent in this new year, with various reports claiming that the Seattle-based company captured as much as 89 per cent of online spending among commanding holiday retailers in just a five-week period starting from the day after Thanksgiving in the U.S.

The latest higher-than-ever jump has helped the Amazon Founder’s fortune definitively above the high limit reached by Bill Gates of Microsoft Corp. back in 1999. The Amazon founder surpassed Bill Gates back in October with a net income of $93.8 billion and his fortune crossed $100 billion for the first time during a month later when the holiday shopping season kicked off.

62-year-old Gates, however, would have possessed a total worth of more than $150 billion in case he had held onto the assets that he’s given away, mostly to the Bill & Melinda Gates Foundation. Reportedly, he has donated almost 700 million Microsoft shares and whopping $2.9 billion cash along with other assets since 1996.