Why Jeff Bezos Is Now Worth More Than Bill Gates.


Bill Gates and Jeff bezos
Bill and Jeff. 

Who is Bill Gates?

Bill Gates is an American business tycoon, philanthropist and the highest shareholder of Microsoft corporation. He is known for his lavish philantropism and ground breaking donations to charities. Among the world's greatest philanthropist, Bill Gates has contributed the highest quota to charity homes with over $35 billion in donations.

Apart from Microsoft which the billionaire is known for, he holds significant shares in several companies.

Bill Gates is the

1. Co-Founder and Technology Advisor of Microsoft.

2. Co-Chairman of the Bill and Melinda Gates Foundation.

3. CEO of Cascade Investment.

4. Chairman of Branded Entertainment Network.

5. Chairman of TerraPower.

In 2017, Bill Gates was worth over $86 billion, according to Forbes list and was the richest man in the world.

Who is Jeff Bezos?

Jeffrey Preston Bezos is an American retail entrepreneur and philanthropist, popularly known as the founder, chairman and chief executive officer of Amazon, the largest online retail store in the world. The american business magnate has taken the leverage of E-commerce as amazon makes trillions of sales yearly.

In 2017, Jeff Bezos was worth $72.8 billion and was ranked the third richest man in the world.


What has changed in 2018?

Bill Gates who has been the fourth richest man for four years in a row and has held that world record for 18 out of the past 23 years has suddenly been overwhelmed by amazon's trending chief executive officer, Jeffrey Preston Bezos.

It is a big surprise to everyone including Forbes, that the business tycoon could outsmart two of the world's most powerful billionaires, the gigantic Bill Gates and Warren Buffet the Berkshire CEO, then boom he is suddenly at the top.

Also, as of the 21st of February,  the trending billionaire was worth $123.6 billion while there are still expectations for further rises.


Why the sudden upsurge?

It is unequivocal that the majority of Mr. Bezos's wealth is accrued from his millions of shares in the Amazon corporation. Our billionaire holds about 78.9 million shares of the rapidly appreciating Amazon stock. Most people have wondered the reason behind the sudden upsurge but the billionaire did his homework carefully.

Yes of course, the amazon share rose by almost 57 percent in 2017 but why?

It all started in November 6, 2014, Amazon's virtual assistant, Alexa was for the first time utilize in an innovation of a Smart speaker series. The first of which was the Echo dot. Echo dot was released in November of 2014. However, the genius innovation did not start to gain popularity until October 20, 2016 when the second generation of the Echo was released. Sales caught momentum immediately and the effects were evidenced in Forbes reports on the world's richest people in 2017.

This is what Forbes had to say.

" Amazon’s Jeff Bezos had the best year of any person on the planet, adding $27.6 billion to his fortune; now worth $72.8 billion, he moved into the top three in the world for the first time, up from number five a year ago."

However,  that was just the beginning of dividends for a good homework. Other versions of the Echo was released shortly after the Echo Dot, and that even yielded the shocker every one is witnessing today. Well,  it was not magic, It was simply a homework done well.

Could Jeff Bezos become the world's first trillionaire?

Many people including myself have always taught Bill Gates will someday become the world's first trillionaire. However we all are surely witnessing a turnaround in that notion.

These are the reasons behind this analogy.

Come to think of it, since 2016, the trending billionaire has for two times now had an incredible plus to his net worth. His $45.2 billion(rank 5) net worth in 2016 rose to $72.8 billion(rank 3) in 2017.  That's an incredible addition of $27.6 billion.
And now in 2017, he suddenly makes an additional $50.8 billion  move, which is even more than his entire net worth in 2016. He is now on the $123.6 billion point (rank 1).

With his pace, I think he has better chances to become  the world's first trillionaire but that absolutely depends on the market.

However, according to the outstanding research by NPR and Edison research one in six Americans now own a smart speaker. Amazon holds 11 percent while it's competition Google Home holds 4 percent of the market share.

Also, a recent survey estimated sales of over 10 million Alexa products since 2014, and Edison Research reported that an estimate of 42 percent of smart speaker users own two or more devices.

 This means a great future for the Amazon corporation and it's CEO. Even though there are some sentimental statements, more people are coming to like the smart speaker industry, day by day, of which Mr. Bezos holds the leading market share.

Don't be surprised if his net worth doubles by 2019.

However,  Google is now a major competitor in the market and Apple is soon going to debut the Apple HomePod. This is going to be a challenge for the Amazon corporation  as it will have to embrace sophisticated approach that will meet the demands of customers, so that it continues to control the leading market share.

It has been argued that Bill gate should be far richer than Jeff Bezos if not for his extravagant philantropism. According to Bloomberg, Gates has given away almost 700 million Microsoft shares, worth 61.8 billion dollars at today’s value, as well as 2.9 billion of cash since 1996. But I think it's a good thing that the financial father of the world is teaching his teammates how important helping others is.  I also think the billionaire has dealt a tremendous impact on the world due to his selfless philantropism. Meanwhile the future can't  be 100 percent clear,  he may as well teach his teammates what makes him the billionaire of first resort.


Do you think Bill Gates will surpass Jeff Bezos come 2019? Say your mind below.

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About the author

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Leo Smile is a Nigerian Writer, blogger, and Online Entrepreneur. He has hosted many online courses in financial education and career advice. Leo is also currently working on revolutionalizing the business world especially in the area of startups. He is popularly known for his online course, How to start a business with little or no capital.

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