RACE TO THE TOP
Value of public holdings in billions of dollars since Amazon’s 1997 IPO
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