JEFF Bezos has become the first person in history to have a net worth of $200billion.
The founder and CEO of online marketplace Amazon obtained a monumental net worth on Wednesday, according to the the Bloomberg Billionaires Index.
Bezos’ rising net worth came as Amazon’s share price rose 2.3 percent to $3,423 per share.
The price of Amazon stocks have soared due tothe coronavirus pandemic.
According to Forbes, as of 1.50pm EDT Wednesday, Bezos was worth a whopping $204.6billion – making him the world richest person.
The 56-year-old own’s approximately 11 percent stake in Amazon – which is more than 90 percent of his wealth.
As Amazon’s stock is up almost 80 percent since January, Bezos is now worth $90,000 more than Bill Gates.
Microsoft billionaire Gates is worth $116.1billion – making him the world’s second richest person.
Last year, Bezos divorced MacKenzie Scott and let her have 25 percent of his fortune.
Jeff and Mackenzie Bezos tied the knot in 1993 and were married for 25 years.
His ex-wife is now one of the richest women in America.
Earlier this year, Bezos – who was first featured in the Forbes rich list in 1998 – was estimated to be worth over $140billlion.
In May, software-review site Comparisun claimed that “Jeff Bezos is the first to hit the $100billion mark.”
He is now on track to becoming the world’s first trillionaire.
In the beginning of August, Bezos sold one million Amazon shares worth more than $3.1billion, according to Securities and Exchange Commission filings.
The filings were disclosed on August 5, according to Bloomberg News.
The sale of his Amazon shares followed a $4.1billion share sale in January and February of this year.
Bezos, now the richest person in the world, has recently started donating money to other causes.
In February, he announced he plans to spend $10million of his own money to fight climate change.
Meanwhile, President Donald Trump said this month that Amazon Inc “will pay for the cost” of the US Postal Service – because the technology company thinks the post office is “stupid.”