Jeff Bezos, the founder, CEO, and the President of the multi-national tech firm Amazon recently climbed another milestone setting a new record for World’s richest person with $172 Billion.
Bezos founded his e-commerce empire the Amazon in 1994 out of his garage in Seattle. With a stake of 11.1%, he runs as the CEO for Amazon. Since the start of Amazon Jeff Bezos’s net worth and his empire was a hot topic and news magnet for a long time.
“Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.”
Jeff Bezos is worth more than the market cap of Bitcoin
Jeff Bezos’s net worth is valued more than all the Bitcoins market capital in circulation. At the time of writing this article market capital of bitcoin is approximately $166.4 billion as per the Coin360 data.
With all luxuries and the current net worth, Bezos still could not purchase all Bitcoin in circulation. All he could buy is what is available on BTC exchange order books. However, this activity may drive up the Bitcoin price and remove liquidity from the market.
“He would drive up the price of Bitcoin to the point where he could no longer afford it,” said Derivatives trader and YouTuber Tone Vays of Bezos back in April.
