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By Brad Tuttle
April 28, 2017
Amazon founder and CEO Jeff Bezos, speaking at an event at the White House in May 2016.
Amazon founder and CEO Jeff Bezos, speaking at an event at the White House in May 2016.
Chip Somodevilla—Getty Images

The net worth of Amazon founder and CEO Jeff Bezos topped $80 billion for the first time on Thursday, leaving him just $5 billion below the #1 spot on the world’s richest person list, Bloomberg reported. If trends hold up, Bezos will surpass Bill Gates as the world’s richest man in the very near future.

Bezos’s base salary at Amazon is only around $82,000 per year, but his overall wealth—based mostly on the value of his Amazon stock—has been known to surge in mind-blowing ways. He became $1.5 billion richer in one day last month, and his net worth increased an insane $6 billion in just 20 minutes one day a year ago.

On Thursday, Bloomberg reported, Bezos grew $3.3 billion richer due to an after-hours spike in Amazon stock, after the release of a strong quarterly earnings report for the company. Amazon’s profits rose a better-than-expected 41% in the first quarter of 2017, the Wall Street Journal noted, and shares spiked 4.1% in after-hours trading.

Since March 2012, Bezos’s net worth has increased hand-in-hand with Amazon’s stock, rising a staggering $65.2 billion, Bloomberg estimates.

According to Forbes, Bezos is worth “only” $78.7 billion. That would actually put Bezos in third place on the world’s richest person list, behind Zara founder Amancio Ortega (worth $80.8 billion and Microsoft founder Bill Gates ($87.3 billion).

Data used for the Bloomberg Billionaire Index is slightly different, putting Bezos’s worth around $5 billion lower than Gates. Also noteworthy: Among the world’s top 10 billionaires, Bezos’s wealth has grown the most, up $13.7 billion thus far this year. Right behind Bezos in terms of billionaires seeing the biggest wealth increases in 2017 is Facebook founder Mark Zuckerberg, up $13.5 billion. With a net worth estimated at $63.5 billion, 32-year-old Zuckerberg is now #5 on Bloomberg’s list.

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Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

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Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST