Business

Jeff Bezos becomes the richest person in modern history

Jeff Bezos becomes the richest person in modern history

He's now the richest person in history, dethroning former record-holder Bill Gates.

Jeff Bezos's net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. shares added to a 12-month surge that's lifted the online shopping giant's market value by nearly 57 percent.

This Bloomberg Profile looks into how Amazon CEO Jeff Bezos grew his business after builting it inside his garage.

Bezos topped $100 billion in net worth in November.

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Jeff Bezos, the newly minted richest man in the world, is now the wealthiest person of all-time after his fortune soared to new heights, APA reports quoting.Daily Mail.

The majority of that net worth comes from the 78.9 million shares of Amazon stock Bezos owns, CNN reported.

Gates is now worth $91.9 billion according to Forbes, and $93.3 billion by Bloomberg.

Bezos came under fire past year when The New York Times questioned his level of philanthropic giving. Bezos is also the owner of the Washington Post and Blue Origin, a private space travel company. He lost the title later in the day when Amazon's stock dropped, returning him to second place with a net worth just below $90 billion.