27 Oct 2020, 11:25 AM (GMT)

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Jeff Bezos net worth passes $200 billion

Kathmandu : Jeff Bezos, the billionaire CEO of Amazon and richest person in the world, now has a fortune that exceeds $200 billion, Forbes and Bloomberg reported.

Forbes estimated that Bezos was worth $204.6 billion when the markets closed Wednesday, while Bloomberg pegged his wealth at $202 billion.

The explosive growth in Bezos’ fortune is being driven by his holdings in Amazon (AMZN). The company’s stock is up about 25% over the last three months and 86% so far this year, according to data from Refinitiv.

The 56 year old Amazon founder and CEO’s net worth is $78 billion more than Bill Gates, the second richest man in the world. His fortune is equal to 3.02 percent of the total wealth of the 500 richest people in the world, according to the Bloomberg Billionaires Index.

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