Jul 17, 2018
Amazon's Jeff Bezos beats Bill Gates in new rich list
Amazon founder Jeff Bezos is now worth $150bn, according to the Bloomberg Billionaire Index. This places his worth higher than that of Microsoft co-founder Bill Gates, who has previously topped the rich lists - even at his peak in 1999. Mr Bezos says he is selling about $1bn of Amazon stock every year to fund Blue Origin, the project he has founded to develop commercial space travel. It's not the first time Jeff Bezos has topped the world's rich list - in July 2017, he briefly overtook Bill Gates to become the world's richest man according to Forbes when Amazon's shares surged - but returned to second place when their value dropped again. The news of Mr Bezos's wealth came as Amazon prepared for its enormous Prime Day sale on 16 July, which was marred in Europe by worker strikes in Germany, Spain and Poland over working conditions.
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