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Bill Gates Is No Longer The World’s Richest Man Ever

It’s official – there’s a new ‘ultimate Richie Rich’ on the block!

Aside from being a really cool and generous guy, Microsoft co-founder Bill Gates is known for one thing – he’s the richest man in the planet. It is said that Gates, now 62 years of age, earns $250 each second.

So yes, hes ridiculously wealthy! However, as news tells us, Gates has just recently been dethroned from his title and now there’s a “new ultimate Richie Rich on the block,” wrote Unilad.

Amazon founder Jeff Bezos is now officially the world’s richest person.

Source: Vulcan Post

As Bloomberg reported, the retail entrepreneur rose above Gates with his net worth hitting $105.1 billion as of January 8, 2018.

Back in April 1999, Gates was reported to have a net worth of $100 billion which earned him the title of being the world’s richest man ever. Most recently, Gates worth is at $93.3 billion after gaining $1.49 billion in 2018.

Amazon’s share price has increased by almost 57% for the past 12 months and will likely grow more in the near future.

Amazon’s shares have skyrocketed by 6.6% this year and has gained 89% of online holiday shopping purchases for 5 weeks following Thanksgiving. On top of that, the company has also acquired supermarket chain Whole Foods which has “significantly helped to boost shares,” according to Unilad, plus they’ve also expanded “the range of devices connected with digital assistant Alexa.”

As Bezos posted in one tweet:

“If we can keep competitors focused on us while we stay focused on customers, we’ll turn out all right.”

Experts, however, estimate Gates would have surpassed $150 billion if not for his philanthropic works.

Source: The Verge

It can be remembered that the tech mogul gave away a lot of his assets through the Bill & Melinda Gates Foundation (BMGF) including almost 700 million Microsoft shares and $2.9 billion in cash.

BMGF is known for supporting different causes in diffirent countries particularly healthcare, education, and poverty.

In a recent TIME magazine article, Gates wrote about why he does what he does. He said:

“To some extent, it is good that bad news gets attention. If you want to improve the world, you need something to be mad about.

“But it has to be balanced by upsides. When you see good things happening, you can channel your energy into driving even more progress.”

Interesting

12 Everyday Things That Will Disappear in the Future Forever

What you may consider cool and useful now might not be familiar to the next generation.

In the past, things such as videotapes and landlines were a huge thing. People were even obsessed with using them on a regular basis. But as the years went by, these devices started to go out of fashion. Instead of using landlines, people nowadays would grab their smartphones and connect with others through social media.

We here at Elite Readers compiled a list of things that you may find hard to live without but may not be very appealing anymore for the next generation.

Scroll down and check them out!...

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Million of Crabs in Christmas Island Marches Back to the Jungle After Mating Season

The tide of crustaceans crawling all over the beach is so thick it can be seen from Google Earth.

Once a year, millions of baby crabs can be seen making their way to the beaches of Christmas Island during mating season. These crabs came from the ocean and are heading towards the jungle where the adult crabs live.

The march produces a sea of crimson, a sight so amazing that it has become a tourist attraction. The tide of crustaceans crawling all over the beach is so thick it can be seen from Google Earth. Just try to imagine that!

The annual mating season of the crabs attracted tourists to Christmas Island.

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Interesting

Can An Affair Ever Turn Into An Honest, Healthy And Long-Lasting Relationship?

Experts reveal how affair couples can make their relationship last.

There’s that old saying that goes, “once a cheater, always a cheater.” No matter how you put it - cheating is cheating and most people can no longer fully trust their partners once they learned about their affairs. Although forming a serious relationship with someone you cheated with is not ideal, the truth is --it happens. And rarely, there's a happy ending to it.

Despite the fact that infidelity is a subject that’s highly frowned upon, there are couples -- famous celebrities, for instance -- whose long-lasting relationships started out as an affair. You might also know someone personally who have the same story, which makes you question, “can an affair ever turn into an honest and healthy relationship?”

It is often assumed that affairs won’t last long.

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