For The First Time Since 1994, Bill Gates Is Not The Richest Man In America
For the first time since 1994, Bill Gates is not the richest man in the United State, according to the latest Forbes list.
The bragging rights now belong to Amazon founder, Jeff Bezos, who is currently worth $160 billion after doubling his net worth over the last year.
Bezos debuted on the Forbes list in 1998, as the 102nd richest man in the world with a net worth of $1.6 billion and his ascent up the charts has been tied to Amazon’s meteoric rise.
In 2017, Bezos actually overtook Gates as the Richest American, but it lasted for just a few hours after Amazon stock dropped, but rebounded some four months later.
Bezos doubled his net worth over the last year and added a record $78.5 billion to his net worth after Amazon recorded more than $100 billion in net sales in the first six months of 2018 – a 41% increase from tje previous year.