Watan-The founder of Amazon, Jeff Bezos, became the world’s richest person again, surpassing American billionaire Elon Musk, before once again falling to the second position with a net worth of $198 billion. Bernard Arnault, the CEO of LVMH, with a net worth of $201 billion, claimed the top spot, according to the latest data from Bloomberg Billionaires Index.
Arnault’s net worth reached $201 billion as of March 8, making him the world’s wealthiest man.
Elon Musk slipped to the third position on the list of the world’s richest individuals, with a net worth of $189 billion, slightly ahead of Mark Zuckerberg, whose wealth is $182 billion.
Jeff Bezos continued to amass wealth after stepping down as the CEO of Amazon.
There are several lessons that ordinary people can learn from the wealthiest businessman in the United States.
- Diverse Investment Portfolio In addition to investing his time and money and leveraging his knowledge in building Amazon into the largest e-commerce retailer, Jeff Bezos also owns a diversified investment portfolio.
A look at his chosen investments, published on BezosExpeditions.com, reveals dozens of investments where Bezos contributed initial funding or venture capital.
Stocks are a smart way to start investing, especially as many apps now allow fractional stock investing. Investing in selected companies can lead to real wealth growth.
- Successful Website Bezos’s investment portfolio heavily focuses on technology through internet-based companies, ranging from the social media platform Nextdoor to the Uber Rideshare app.
He also holds stakes in numerous online platforms and markets. If there’s one thing Bezos knows, it’s how to create a successful website.
Following the investment philosophy of another prominent billionaire, Warren Buffett, Bezos invests in companies he can easily understand, rather than just following prevailing trends.
- Think Like a Business Owner Between early 2023 and the beginning of 2024, Bezos increased his net worth by about $70 billion, according to a report from Inc.com.
Bezos didn’t amass this huge sum solely from his work. Instead, he built and sold successful companies—or invested in others he believed in—according to Jeff Haden from Inc.com.
Haden stated that an analysis of some of the wealthiest individuals in recent decades showed that 65.2% of their wealth came from selling capital assets.
Creating the world’s largest e-commerce company can start from shipping books from a garage. Individuals with average incomes have many opportunities to become wealthy, whether through investing in rental properties, creating and selling online courses for passive income, or starting a side business.
Multiple income streams not only provide protection against job loss or recession but also offer more opportunities for wealth growth.