Jeff Bezos Is The Richest Person On Earth

Forbes recently released its world’s billionaires list, and Jeff Bezos took the top spot. The Amazon CEO is the first person to accumulate a fortune of more than US$100 billion.

Bezos’ net worth was calculated at US$112 billion as of March 6, 2018—an increase of US$73 million from 2017. The increase is attributed to Amazon’s rising stock price. Bezos founded Amazon in 1994, and the online hub sells almost anything a person needs, including the digital assistant Alexa.

“Centi-billionaire Jeff Bezos secures the list’s top spot for the first time, becoming the only person to appear in the Forbes ranks with a 12-figure fortune,” the magazine noted. “Bezos’s fortune leapt more than US$39 billion, the list’s biggest one-year gain ever. He moves ahead of Bill Gates, who is now number 2. It is the biggest gap between no. 1 and 2 since 2001.”

Gate’s net worth is US$90 billion. Rounding out the “three-comma club” is Warren Buffet, whose fortune is valued at US$84 billion.

Canadians take up 46 places on Forbes’ list and include seven new billionaires. The publication found a record 2,208 billionaires this year worth a total of US$9.1 trillion.

The worlds richest Canadian is David Thomson, chairman of the Thomson Reuters Corp. With a net worth of US$25 billion, he is the 32nd wealthiest person in the world. His wealth dropped slightly from 2017 where he earned US$27.2 billion. However, it’s nearly twice as much as he amassed in 2009 (US$13 billion), reports Financial Post.

Canada’s second richest billionaire is Taiwan-born Joseph Tsai, who is worth US$9.7 billion. The co-founder of Alibaba Group first entered the list in 2014 with a fortune of US$3.7 billion.

The third richest person in Canada is Galen Weston, chairman emeritus of George Weston Ltd. and Loblaws Companies Ltd. His net worth has remained unchanged since 2017 at US$9.5 billion.

The fourth richest Canadian is James Irving of the J.D. Irving conglomerate (US$8.3 billion) followed by Jim Pattison of The Jim Pattison Group (US$6.9 billion).

“Professor billionaire” David Cheriton, who invested $10,000 in Google in its infancy and created the start-ups Arista Networks and Granite Systems, is worth US$6 billion.

The youngest Canadian on the list is Uber chairman Garrett Camp, 39, who co-founded the company in 2009 with Travis Kalanick. He’s worth US$4.8 billion.

 

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