Amazon Founder and CEO Jeff Bezos’s has become world’s richest person by pushing the Microsoft Founder Bill Gates to the second spot. Bezos’ net worth topped $90.6 billion (approximately INR 5,81,244 crore) as the share of the Amazon rose by 1.3% when the market opened on Thursday, July 27’s morning. The one percent bump in the shares of Amazon pushed the personal wealth of Bezos, who owns about 17 percent of the company, to over $90.6 billion. At the same time, Bill Gates had $90.1 billion (approximately INR 5,78,216 crore). Bezos became the first person in 7 years to dethrone Bill Gates from World’s Richest person title.
When he crosses the mark, Bezos, who first started selling books from his garage 22 years ago, became the first man to bump Bill Gates from his position in 7 years and the sixth man to hold the “World richest person” title in the past 30 years, according to Forbes.
But Bezos’ new title was short lived as the Microsoft founder Bill Gates reclaimed the position by Thursday afternoon when the Amazon stock plunged nearly 1 percent. The ranking was based on a real-time world billionaire list compiled by Forbes.
Bezos may be sad because, despite the dip, his wealth has increased by more than $25 billion over the past year. And he is still the second richest man.
Bezos first made the coveted Forbes billionaire list in 1998, a year after Amazon went public. His net worth then was $1.6 billion, according to CNBC. He was ranked third richest on Forbes’ 2017 list of the World’s Billionaires, published in March, with a fortune of $72.8 billion.
About Jeff Bezos
American entrepreneur Jeff Bezos is the founder and chief executive officer of Amazon.com and the owner of ‘The Washington Post.’ He is one of the most powerful figures in tech, with a net worth of roughly $90 billion. He owns nearly 17% of Amazon.com. As of today, Amazon sells nearly everything a consumer might want. Bezos has founded Amazon, Blue Origin and purchased “The Washington Post”.
About Bill Gates
Microsoft founder Bill Gates has topped Forbes list of the world’s billionaires for 18 out of the past 23 years. As of July, Gates has a net worth of roughly $90 billion. Even though he’s given an astounding $40 billion to his charitable foundation, he keeps getting richer every year.