Jeff Bezos Overtakes Bernard Arnault To Be World’s Richest Man

The founder of Amazon, Jeff Bezos has replaced Bernard Arnault as the world’s richest person.

This is according to recent data from Bloomberg Billionaires Index which says Bezos has a net worth of $201 billion.

According to the finance platform, Bezos’ source of wealth is from his e-commerce and cloud computing company, Amazon, as well as investments in media and streaming markets.

Arnault dropped from the top position after a $3 billion decline in his net worth, which fell from $202 billion to $199 billion within 24 hours.

WOW.

Jeffrey Preston Bezos is an American entrepreneur, media proprietor and investor. He is the founder, executive chairman, and former president and CEO of Amazon, the world’s largest e-commerce and cloud computing company.

With a net worth of US$162 billion as of November 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021, according to both the Bloomberg Billionaires Index and Forbes.

Bezos was born “Jeffrey Preston Jorgensen” on January 12, 1964, in Albuquerque, New Mexico, as the son of Jacklyn (née Gise) and Ted Jorgensen. At the time of Jeff’s birth, his mother was a 17-year-old high-school student and his father was 19-years-old. Jorgensen was a Danish American unicyclist born in Chicago to a family of Baptists.

After completing high school despite challenging conditions, Jacklyn attended night school, bringing her baby with her. Jeff attended a Montessori school in Albuquerque when he was 2-years-old.