Jeff Bezos Surpasses Bill Gates - Becomes World's Richest Man

Tyler Durden's picture

A surge in Amazon shares this morning (ahead of earnings) has propelled founder Jeff Bezos past Microsoft founder Bill Gates as the world’s richest person...

As Bloomberg reports, shares of the online retailer rose 1.8 percent to $1,071.31 as of 9:30 a.m. in New York. If the gains hold through the close, Bezos, 53, could leapfrog Gates on the Bloomberg Billionaires Index. The 61-year-old Microsoft Corp. co-founder has held the top spot since May 2013.

Bezos owns about 17 percent of Seattle-based Amazon, which has surged 40 percent this year through Wednesday, helping to add $24.5 billion to his net worth. He started 2017 as the world’s fourth-wealthiest person and has since leapfrogged Inditex SA founder Amancio Ortega, who ranks third with $82.7 billion, and Berkshire Hathaway Inc.’s Warren Buffett, No. 4, at $74.5 billion.

Notably, Amazon and Facebook are now both worth over $500 billion market cap.

And as far as what (or who) is behind the success of Bezos, it's simple...

Central Bank policy truly means the rich get richest!

So this means that "the leader of the free world" is now in a feud with "the world's richest man" - should be fun to see who wins that.

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This is it's picture

When is the bubble gonna pop? 

Hikikomori's picture

When you throw in the towel, and buy AMZN!

SilverRhino's picture

Funny how they never mention royals or the Rothchilds empires.  

MANvsMACHINE's picture

Shhh...a nailgun with your name on it has just been manufactured.

Scrimpy's picture

JEWff Bezos = racist, neocom globalist jew world order 'nazi scum...

jcaz's picture

Laugh now, Jeffy-  the FTC is still working on their presentation......

apadictionary's picture

glad that he beat both rothchilds and rockerfellers by a trillion.

NidStyles's picture

Funny how Gates was put on trial for being a monopolist, but no one even glances in Bezos direction, despite operating an open monopoly.

Mr 9x19's picture

possessing stocks do not mean you are rich.

no grid, no sell, no bank transfer, no cash. period.

you are rich of  void.

it's all BS digits.

when shtf you are rich because you have manual skills.

having stocks is in era of time of the last 100 years. in a close futur it will be meaningless.

they just have not read atlas shruggle yet to understand it

FixItAgainTony's picture

antitrust enforcement, should they even exist, can only make a winning case against *abusive* monopoly

Shitonya Serfs's picture

I think the problem AMZN should have (and would have if they weren't pumping data to GOV), is they started as an online store that provided goods from many companies, delivered by many transports, and at prices @ or below traditional retail outlets.

Now, they are starting to gobble up (or put out of business) the businesses/manufactures that supplied the goods.

Now, they are starting to have their own people (rather poor contractor drivers) deliver the goods.

And finally, they are starting to let the prices edge higher since they are knocking out their competition.

This is what is (or should)_put them in the cross-hairs for antitrust problems.

Oh yeah, as for Gates...he was brought to court for putting IE in Windows.

Google? Has monopoly on search (thank Marisa for killing YHOO). Has spy tools built into everything from phone, to web, to IOT home tools, to toys, to tablets, to browsers, to OSs, etc. etc. etc.

If it weren't for the data directly to GOV, these companies would have been broken into little pieces long ago.

But then again, according to these Tech leaders: competition if just one click away or being developed in a garage by the college dropout.

veritas semper vinces's picture

A(chosen)here,a(chosen)there and pretty soon we're talking real power.

Quantum Bunk's picture

An economic depression is being sold as hyper capitalism. Bring on UBI

This has to be the most frustrating period of all time for rational thinkers

Mr Pink's picture

Kids, this could be you if you sell your soul to the Deep State.

Tom from Myspace, are you listening?

NidStyles's picture

Nope, only Jews are allowed to be on top. They created the Deep State...

The central planners's picture

Just wait till bitcoin reaches 1 million John McCafee will be the "wealthiest" men. 

CheapBastard's picture

he'll be wealthy or have his mouth stuffed with his dick. is that the deal?

rubiconsolutions's picture

Does Bill qualify for an EBT card now?

TheGardener's picture

I`d be worried if in satans` Bills shoes : Leveraging and comparing my greatest scam in history has no equal lest it is bound to fail

and if this is a stepping stone, I might not overcome, but bound to fail..

Caciqué's picture

the second one of the CBs by accident forgets to open the spigots ever wider. 

Eyes Opened's picture

Woo hoo !!!

like... really .. ?? 

Who gives a flyin fuck if its Gates or Bozo.... 

DeadFred's picture

I never seem to see any 'Red Shield' names on theses lists.

East Indian's picture

TARP of 2008 started with $700 billion, and ended somewhere in the early trillions; the National Debt of US doubled from $10 trillions to $20 trillions; you or me or anyone you know do not own a dollar of these billions and trillions; the derivatives gambling is in the region of %600 trillions; and yet the richest man is just $ 100 billion?

 

 

There are trillionaires hiding somewhere, may be even in plain sight. These are only vassals allowed to prattle.

DPLETTENBERG's picture

Look at it another way. For years the MIC has been spending about 1T a year to make things which blow up and destroy cities and people. There is not much return on investment there.

It's like having a neighbor who spends borrows thousands of dollar to buy and set off fireworks. In the end where is the money?

veritas semper vinces's picture

Who rules Britain? Some say the Queen.She and her spawn are just parasites.Very expensive ones. But the Queen needs permission to enter THE CITY.The CITY does not pay taxes.The laws do not apply to the City of London ,there are no elections there.They are above the law,above everything. But,they have a permanent representative in the British Parliament.Not elected.They call themselves "independent" and have 5 biig banks that run Britain.Into the ground.

So,who rules Britain again? Britain was occupied in 1688.In 1894 the BANK was created.Thhen THE CITY.

Hoew about Jewmerica?

They have the DC that seems to be above the law.They have an "independent"CB.Nobody audited the FED. They do not pay taxes,they receive an anual 6% profit ,no matter what.They make policies that destoy our life and we can not even audit them.We don't know who are the shareholders exactly.It was a glimpse into it (done by Ron Paul) in 2009 I think. It was found that the Fed payed 16 T to goreign banks.Wait.What? Who are these banks and how come tax dollars(or printed money ,but it's the  same as it affects all of us slaves)are given to foreign banks ,witout the population knowing it?

The FEd is "independent".It also seems to be a subsidiary of the CITY.

So,I ask again"who runs bartertown"? Do we know who much money or assets they have? NO.

These so called billionaires ,in paper money,are their front boys.They are ,however ,part of the tribe,if you look closely.

 

Bryan's picture

What is "rich"?  Having more zeros on some computer database somewhere?

small axe's picture

Bezos is clearly one of the world's biggest asshats, doesn't matter what the stock price is.

DollarMenu's picture

Don't know squat about Bezos except Bezos = Amazon, WaPo, CIA.

Where does he live?

Does he have a wife?

Any children?

Does he ever go anywhere?

When I hear the name Bezos, I think of a head in a bell jar commected via wires to a computer network.

 

copperthumb's picture

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Seasmoke's picture

Up 40% just this year. This whole ponzi fraud bubble is Disgusting!!!

ShorTed's picture

I'm just jealous...if my net worth was up 40% this year i'd be pretty satisfied.

Fuck Bezos for being a crony-corporatist.

Max Cynical's picture

On the stock of a company that makes $0...only in America.

NotBuyingIt's picture

Neither of these evil cunts (Gates or Baldy) are the "richest person in the world". Fuck that propaganda. We all know that the wealth of these two douchebags combined does not even approach the wealth of the Rothschilds.

Oh, and WHO THE FUCK CARES!!! This is all a globalist circus.

Bopper09's picture

I was about to say that as well, where's Rothschild on that list?

ShorTed's picture

cunning enough to keep themselves off the list, i imagine.  big family, spread it around so no concentration.

samsara's picture

The rothschilds, et al are NEVER on lists. That's for little people like gates, Jeffy .

Shitonya Serfs's picture

Oh, they throw a token Rothschild or 2 on the lists. They'll list whatever is in their checking account...$20b, $10b...pocket change.

GunnerySgtHartman's picture

And when it all pops, Bezos will (along with Zuckerberg) lead the charge for the government to "fix" everything.  Just watch.

hrhong's picture

of course P/E > 200. that is a buy!

JailBanksters's picture

What do they both have in common ?

They have both sold crap that doesn't work.

hedgefunddartthrower's picture

YOu would think that with all that money, Bezos could have something medically done about that goofy stare he has...

_SILENCER's picture

That's anemic to Rothschild and British Royals money

adr's picture

Facebook has revenue of what $30 billion in a year? And the fucking company is worth over $500 billion? 

If Walmart was valued like Amazon and Facebook it would be worth trillions. 

HRClinton's picture

Walmart isn't owned by (((Lib-turds))).