Jeff Bezos' net worth tops US$105 billion as Amazon climbs

As the world's richest person Amazon CEO Jeff Bezos could transform how philanthropy works

Bezos first made the Forbes 400 list in 1998, with a net worth of $1.6 billion, shortly after his internet company went public.

The majority of Bezos' fortune comes from the 78.9 million Amazon shares he owns.

Bezos and his wife Mac Kenzie Bezos

Bezos is the largest shareholder of Amazon, the world's biggest online retailer.

When Amazon stock climbed 1.4 per cent Monday, it added approximately $1.4 billion to Bezos' net worth. Shares of Amazon (AMZN) are up almost 7% so far in this year after rising 56% in 2017.

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Furthermore, Gates's massive charitable undertakings see a significant percentage of his earnings given to philanthropic concerns, as CNN also notes he has given over $61.8 billion in shares alone from Microsoft.

The latest jump has pushed Bezos's fortune definitively above the high reached by Microsoft Corp.'s Bill Gates in 1999.

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Bezos' other holdings include The Washington Post and Blue Origin, a private space travel business that intends to take tourists into space. He passed the $100-billion mark in November, and continued to rise after a record-setting holiday season. If adjusted for inflation, that cumulative total would now be over $144 billion in 2018.

Gates, 62, would have a net worth of more than $150 billion if he'd held onto assets that he's given away, largely to the Bill & Melinda Gates Foundation.

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