Amazon CEO Jeff Bezos came closer than he has ever been before to becoming the world’s richest person on Monday.

That comes after shares of Amazon


amzn

pushed up to an all-time high of about $1,017 a share Monday, sending Bezos’ net worth to about $86 billion. That rally was likely induced by the company’s $13.7 billion purchase of Whole Foods recently. Before Bezos could claim the top spot, which is currently Microsoft founder Bill Gates, Amazon’s stock came down toward the end of the day, ending nearly flat at $995 a share. Bezos’ net worth also fell to $85.2 billion.

Still, that all-time high price put Bezos about $4 billion away from overtaking Gates, who is worth about $90 billion as of Monday, according to Bloomberg data. Since Bezos net worth is largely tied to his 78.9 million shares of Amazon, becoming the world’s richest person is completely within the realm of possibility. After all, his net worth has already shot up by $19.3 billion in the last six months thanks to strong earnings and growing investor confidence in the economy, sending Amazon’s stock 35% higher since the start of the year.

So how …read more

Source:: Fortune.com – Tech

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