Amazon Inc. has just hit the $1 trillion mark after Apple, after the increased value of Amazon on the stock market, founder Jeff Bezos becomes the richest person in the world in 2018.
Amazon’s share price has surged during the year, elevating the personal wealth of the company’s 54-year old founder along with it. According to Forbes total net worth of Jeff Bezos is $166 billion.
Jeff Bezos has been very successful with his formula of taking bold steps, introducing change and rebounding from setbacks.
However, Jeff Bezos became the richest person on the planet in March this year, when his total net worth was recorded at $110 billion according to estimates, but now it has surged to $166 billion adding $56 billion in more to the net worth in just half a year, thanks to rising share price of Amazon.
“What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a headwind – you have to lean into that and figure out what to do because complaining isn’t a strategy.” Jeff Bezos said in an interview.
Jeff Bezos while describing Amazon’s success said, “We’ve had three big ideas at Amazon that we’ve stuck with for 18 years, and they’re the reason we’re successful: Put the customer first. Invent. And be patient.”
Bill Gates has been the richest person in the world for over a decade for his success in Microsoft Inc, the company is still one of the top tech companies in the world but Amazon has outperformed Microsoft in its strategy, growth, and success. Bill Gates current net worth is $95.7 billion and he is still the second richest person on the planet.