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Jeff Bezos No Longer The Richest Man In The World

Jeff Bezos No Longer The Richest Man In The World

Amazon founder Jeff Bezos is no longer the richest man in the world... but don't feel too sorry for the billionaire (as if you would anyway) because he's still worth an eye-watering $103.9 billion (£81.1bn). Fancy lending me £50, Jeff?

A new report from Forbes says a seven percent drop in Amazon's shares have knocked him into second place behind Microsoft co-founder Bill Gates, who's worth $105.7 billion (£82.4bn).

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Bill Gate is now worth more than Bezos, according to Forbes. Credit: PA
Bill Gate is now worth more than Bezos, according to Forbes. Credit: PA

Amazon chief exec Bezos became the world's richest man in 2018, when he reportedly had a net worth of $160bn (£124.7bn) - a number most of us can't even begin to get our heads around.

The drop in his fortune isn't just down to Amazon's shares, he also transferred a quarter of his Amazon stakes to his ex-missus MacKenzie Bezos as part of a divorce settlement.

MacKenzie announced last May that she would be giving away half of her fortune to charity.

She signed up to the Giving Pledge - an initiative kicked off by Bill and Melinda Gates along with fellow billionaire Warren Buffett, in which rich people promise to donate or bequeath half of their fortune to charity.

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Ex-wife MacKenzie Bezos has pledged to give away half of her fortune. Credit: PA
Ex-wife MacKenzie Bezos has pledged to give away half of her fortune. Credit: PA

In an open letter on the Giving Pledge site, MacKenzie, who is among the top 20 richest people in the world, wrote: "I have no doubt that tremendous value comes when people act quickly on the impulse to give. No drive has more positive ripple effects than the desire to be of service.

"There are lots of resources each of us can pull from our safes to share with others - time, attention, knowledge, patience, creativity, talent, effort, humour, compassion."

She continued: "We each come by the gifts we have to offer by an infinite series of influences and lucky breaks we can never fully understand.

"In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share.

Jeff Bezos is still worth over $100 billion. Credit: PA
Jeff Bezos is still worth over $100 billion. Credit: PA

"My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won't wait. And I will keep at it until the safe is empty."

Well, if you're keen to get rid of some of your 'disproportionate amount of money', feel free to send it my way, MacKenzie.

Featured Image Credit: PA

Topics: World News, Money, Interesting, US News, Technology

Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]

 

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