Business Standard

RACE TO THE TOP

Value of public holdings in billions of dollars since Amazon’s 1997 IPO

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JEFF BEZOS 88 $ billion

1997: Amazon IPO values business atmore than $400 million 1998: Expands into CDs and DVDs. Shocking $400 Amazon price target launches CIBCanalys­t HenryBlodg­etto fame 1999: Expands into toys and electronic­s. Bezos named Time Magazine “Person of the Year” 2000: Amazon

Marketplac­e introduced 2002: Amazon’s Web

Services businesses start 2003: Search Inside the

Bookmakes its debut 2004: Amazon opens

jewellery store 2005: Launch ofAmazon

Prime 2006: Amazon Fresh

makes its debut 2007: FirstAmazo­n Kindle sold. Amazon.com marketvalu­e approaches $40 billion 2010: Amazon Studios begins move into original content 2013: Drone Strategy

announced as Prime Air 2015: DebutofAma­zon

Echo

BILL GATES 85.7 $ billion

1998: Total endowmentt­o Gates’s foundation­s tops $2 billion

2000: Gates steps down as Microsoft CEO; Steve Ballmer takes over 2001: Windows XP debut 2003: Office 2003 is

released 2005: Debut ofXbox 360 2007: Windows Vista is

introduced 2008: Gates stops working full time at Microsoft 2010: Buffett and Gates create the Giving Pledge. Gates’s donations to charities top $28 billion 2013: Microsoft agrees to buy Nokia’s handset business 2014: Satya Nadella named Microsoft chief executive officer

WARREN BUFFETT 79.9 $ billion

1998: Berkshire Hathaway outperform­s the S&P 500 by 83% for the year 1999: Barron’s says Buffett is “losing his magic touch” by refusing to invest in dot-com stocks 2003: Berkshire Hathaway’s share price underperfo­rms the S&P 500 for the just the 12th time in 39 years 2006: Buffett pledges to give away 85% of his Berkshire Hathaway shares to charity (valued at $37 billion). Berkshire Hathaway Class A shares top $100,000 2009: Reaches deal to pay $26.5 billion for Burlington Northern 2010: Buffett and Gates

create the Giving Pledge

2012: Buffett pledges an additional $3 billion worth of Berkshire Hathaway shares to family’s foundation­s

2015: Berkshire shareprice gain since 1964: 1,826,163%

2017: Current value of Berkshire Hathaway shares previously donated reaches $44 billion

MARK ZUCKERBERG 72.9 $ billion

2004: Facebook founded at Harvard. Hits 1 million users by December 2009: Facebook “Like”

button introduced 2012: Facebook IPO: May 18, announces more than 1 billion users by October 2016: Becomes richer

than the Koch brothers

AMANCIO ORTEGA 67 $ billion

2001: Inditex IPOs value

at less than $10 billion 2007: Inditex starts to sell home furnishing­s online 2011: Ortega steps down

as Inditex chairman 2012: Ortega becomes

Europe’s richest person 2015: Passes Buffett to become No 2 on the index

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