BREAKING: Amazon’s Boss Is No Longer World’s Richest Man
It was as brief as morning. But the world has noticed.
Jeff Bezos stint as the world richest man has ended, throwing Bill Gates back to the top once more.Also Read: Forbes: Amazon’s Jeff Bezos Becomes World’s Richest
For at least a few hours since Thursday, Bezos surpassed Bill Gates as the world’s richest person.
Shares of the online retailer had surged as U.S. markets opened, and climbed as much as 2.9% just before noon in New York, giving Bezos a net worth of $92.3 billion.
Then, with investors getting ready for Amazon to report second-quarter results after the close, the shares tumbled.
Amazon fell 0.7% on the day, leaving Bezos with $89.3 billion and keeping him in second place on the Bloomberg Billionaires Index.
Bill Gates, the 61-year-old Microsoft co-founder, has held the top position since May 2013.
Amazon even dropped further in extended trading, sliding 1.9% to $1,026 at 4:37 p.m. in New York, after reporting earnings that missed estimates and forecasting a possible operating loss for the third quarter.
53-year old Jeff Bezos owns
about 17% of Amazon, which has surged 39% this year, helping to add $23.9
billion to his net worth.
He started 2017 as the world’s fourth-wealthiest person and has continue to rise.