HOW SOON JEFF SAYS WILL BE THE RICHEST MAN IN THE WORLD
At the moment Bezos is the largest shareholder of Amazon: it owns 80,897,696 shares, or 16.95% in circulation, which are estimated at $ 70.89 billion as of Friday.
Each time Amazon stocks rise in price by $ 1 – which at current prices means an increase of 0.1%, – Bezos pocket gets about $ 81 million.
This means that, other things being equal, Bezos will overtake Gates if Amazon shares rise to $ 1002.88, which is $ 126.54 higher than the closing price on Thursday – $ 876.34. Given that Amazon shares rose 17% compared to last year and 46% over the past 12 months, this may happen in the next few months.
For comparison, Microsoft shares added 5.6%, Berkshire Hathaway class A shares gained 3.1%, while the S & P 500 index rose 5.8% this year.