Who’s Richer Bill Gates or Jeff Bezos?

Bezos or Gates

Jeff Bezos is richer than Bill Gates. Jeff Bezos or Jeffrey Bezos has a net worth of $144 billion, while Bill Gates has a net worth of $112 billion.

Jeff Bezos is the chairman and owner of the e-commerce behemoth Amazon. He is a businessman, stockholder, and stockholder. Because of his financially rewarding endeavors, Jeff Bezos has just been named the “wealthiest person in recent times” on the Forbes wealth index.

Bill Gates or also known as William Henry Gates III, is an American businessman and software engineer who helped found Microsoft Corporation, the world’s largest personal computer software company. Gates wrote his first software program when he was 13 years old.

How Jeff Bezos Got So Rich

Jeff Bezos

Jeff Bezos founded Amazon.com in a Seattle garage in 1994, shortly after leaving the investment firm D.E. Shaw. David E. Shaw, Jeff’s previous employer, was initially and utterly disinterested in the idea of an e-commerce webpage. Though Amazon only began as a bookseller, it has since evolved into a one-stop shop for almost everything, and it is now, without a doubt, the world’s leading manufacturer. Some of Amazon’s unexpected growth and expansion, such as its acquisition of Whole Foods in 2017 and entry into the pharmaceuticals industry the same year, demonstrate the company’s structure of continuous development. Jeffrey Bezos owned up to 16 percent of Amazon in 2019 before transferring 4 percent to Jeff’s ex-wife MacKenzie Scott as part of their divorce settlement.

The steadily increasing growth of online shopping in the face of the COVID-19 pandemic increased Amazon’s stock price by 76% in 2020. On July 5, 2021, Bezos decided to step down as CEO of Amazon and became the company’s executive chair. Jeff Bezos took Amazon public in 1997 and became the first man with a net worth of more than $100 billion after Bill Gates in 1999. Jeff Bezos’ other investment opportunities include Blue Origin, the aerospace company. As of 2022, Jeff Bezos’ net worth is around $144 billion. (1)

How Bill Gates Got So Rich

Bill Gates

Bill Gates is a multibillionaire, corporate executive, and inventor. Bill Gates grew up in Seattle, Washington, with an excellent and loving family who encouraged his early interest in computer science. Bill Gates is an American billionaire businessman, computer programmer, investor, author, and philanthropist. Microsoft was founded by him and his late childhood friend Paul Allen. Gates served as chairman, CEO, president, and chief software architect at Microsoft, and he was the company’s largest individual shareholder until May 2014. He was a pivotal figure in the 1970s and 1980s microcomputer revolution. Bill’s net worth is currently $112 million. (2)

Since leaving Microsoft’s day-to-day operations in 2008, Bill Gates has chosen to follow numerous business and philanthropic endeavors. He founded and chaired several companies, including BEN, Cascade Investment, bgC3, and TerraPower. He has contributed significantly to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, which has been revealed to be the world’s largest private charity. Through the foundation, he led a vaccination campaign in the early twenty-first century that significantly eradicated wild poliovirus in Africa. Gates served as chairman, CEO, president, and chief software architect until May 2014 and was a significant individual shareholder.

References

  1. Top 10 richest people in the world, retrieved from https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp
  2. Bill Gates, retrieved from https://www.bloomberg.com/billionaires/profiles/william-h-gates/

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