Jeff Bezos, the newly minted richest man in the world, is now the wealthiest person of all-time after his fortune soared to new heights.

Shares in Amazon hit an all-time high on Monday, which lifted Bezos’ net worth to a record $105.1billion, according to Bloomberg.

That figure eclipses the $100billion worth that Microsoft boss Bill Gates amassed back in April 1999.

Jeff Bezos, the newly minted richest man in the world, has grown even richer since the new year

Shares of Amazon hit an all-time high on Monday, which lifted Bezos’ net worth to a record $105.1billion

In the last 12 months, Amazon’s stock has climbed by nearly 57 per cent.

So far in 2018, the e-commerce giant’s shares have jumped 6.6 per cent.

Amazon continued its dominance over the recent holiday period, grabbing 89 per cent of the online spending market among retailers.

Bezos’ peak net worth is more than that of Bill Gates, the Microsoft co-founder who crossed the $93billion mark this week.

According to Bloomberg, Gates could easily be worth over $150billion were it not for the hundreds of millions of shares in Microsoft as well as the billions in cash and other assets he has given away to charity.

Aside from Amazon, Bezos is also the owner of The Washington Post.

As of Tuesday just before noon, shares of Amazon were trading at $1,247.91.