After 24 years of firmly holding the No. 1 position, billionaire Bill Gates lost the title of the richest person on the planet in 2018 to Amazon CEO Jeff Bezos.
Jeff Bezos's net worth is $1.60 billion, while Bill Gates's is $97 billion. Photo: Blue Origin
The billionaire Bezos's huge fortune has increased by 75.5 billion USD compared to just one year ago.
CEO Jeff Bezos officially became the richest person in modern history on July 16, just hours after entering Prime Day - Amazon's biggest promotion.
This is a record asset that has never been set before, even for Bill Gates - the billionaire who has been leading the list for nearly a decade.
In fact, after adjusting inflation, the assets of Microsoft co-founder Bill Gates in 1999 are also quite close to the above figure, at about 149 billion USD.
Bezos and Gates compete fiercely on the world's richest billionaire rankings for many years. There was a time when Amazon CEO took the lead, but then Bill Gates reset the gap.
In July 1995, Bezos officially launched Amazon.com, and then a series of historic successes that everyone recognized.
Amazon in its early days
Just 3 years later, in 1998, he became a dollar billionaire and is now the richest person on the planet.