Amazon CEO, Jeff Bezos is first to amass $200billion Net worth

Amazon CEO, Jeff Bezos has become the first person ever to amass a $200 billion fortune. He crossed a milestone previously unseen in nearly four decades.

With Amazon stock edging up 2% as of Wednesday afternoon, Bezos net worth is up by $4.9billion.

As at 1:50pm, EDT on Wednesday the Amazon founder and CEO James is worth $204.6 billion nearly $90 billion dollar more than the world's second richest person, Bill Gates(world's first centibillionaire) who is currently worth $116.1 billion. 

Driven by the change in consumer habits as a result of the pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Benzos net worth which was roughly $115billion on January 1, has skyrocketed in tandem. Bezos roughly 11% stake in Amazon makes up more than 90% of his fortune.  He also owns Washington Post,  aerospace company, Blue origin and other private investments.

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