Bezos' net worth soars to $140b on Amazon surge

Bezos' net worth soars to $140b on Amazon surge

Bezos's rising net worth is due to Amazon's growth over the a year ago, when it bounced nearly 57 percent.

Amazon shares have risen 6.6 per cent this year, with a report showing the Seattle-based company captured 89 per cent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the US.

More news: Alibaba Group Holding Ltd (BABA) Upgraded to Buy at New Street Research

Amazon on Wednesday noted how many other businesses are sharing its boom, announcing that more than 300,000 USA -based small and medium-sized businesses started selling on Amazon previous year, and that its Fulfillment by Amazon program shipped "billions of items" for those sellers, according to a press release emailed to Retail Dive.

Bezos also controls closely held space exploration business Blue Origin and The Washington Post. The news comes down from CNN and comes by way of the billionaire tracker operated by Bloomberg. He did surpass Gates's record of $100 billion from 1999 - but only in dollar amounts. Some argue that if not for his significant charitable contributions, Gates would still be worth far more than Bezos. It's possible he's not even the richest man alive: Experts are unsure of the net worth of the Saudi Arabian royal family or Russian leader Vladimir Putin. John D. Rockefeller, the first American billionaire, had his fortune in 1918 estimated to be worth $1.5 billion. Adjusting for share of GDP, it would put him at 2 percent of the U.S. GDP at the time. If it were not for his significant charitable giving, Gates would be worth much more than Bezos today.

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