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By Damilola Faustino

Amazon CEO Jeff Bezos has become the first person to amass over $100 billion in Forbes magazine’s annual ranking of the world richest men. As such he has displaced Bill Gates to become the world’s richest man.

amazon jeff bezos

Microsoft’s Gates, who has been the richest person in the world for 18 of the past 24 years, dropped to second place with a fortune of $90 billion, up from $86 billion last year.

Veteran US investor Warren Buffett, worth $84 billion falls to the number three spot.

The milestone underscores the growing clout of Bezos and the company he founded in 1994 as an online bookstore.

Forbes estimates Bezos’ wealth at $112 billion as of Feb. 9, up from about $73 billion last year, thanks to Amazon’s surging stock price.

Read also: 4 Nigerians Make Forbes’ Richest Artistes List

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