Jeff Bezos, the founder of Amazon is now worth $150 billion, according to a new rich list estimate.
His net worth has increased by over $60 billion in the last 12 months, making him the world's richest person, the Bloomberg Billionaire Index calculated.
This places his worth higher than that of Microsoft co-founder Bill Gates, who has previously topped the rich lists even at his peak in 1999. Then Mr Gates was worth $100 billion, which would be around $149 billion today after adjustment for inflation.
Mr Bezos has said he is selling about $1 billion of Amazon stock every year to fund Blue Origin, the project he has founded to develop commercial space travel.
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