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Amazon Founder, Jeff Bezos Replaces Bill Gates As The Richest Man In The World



This morning, a surge in Amazon.com Inc. shares in advance of the online retailer, Amazon’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person.

Amazon shares rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. Bezos, 53, has now leapfrogged Gates, the Microsoft Corp. co-founder, on the Bloomberg Billionaires Index. Gates, 61, has held the top spot since May 2013.


Bezos owns about 17 percent of Seattle-based Amazon, which has surged 40 percent this year through Wednesday, helping to add $24.5 billion to his net worth. He started 2017 as the world’s fourth-wealthiest person and has since surpassed Buffett and Inditex SA founder Amancio Ortega, 81, who ranks third with $82.7 billion.

Read also: Top 10 secrets of the most successful billionaires

In 2007, Jeff Bezos was worth $4 billion while Bill Gates was worth $56 billion. In 201, Jeff Bezos is now worth $91 billion while bill gate is worth $90 billion.

Must read: See the 14 billionaires who have promised to give out of their wealth to charity

Mark Zuckerberg’s now within $200 million of Warren Buffet

Meanwhile, Facebook Inc.’s intraday gains have helped pull co-founder Mark Zuckerberg, 33, within $200 million of Berkshire Hathaway Inc. Chairman Warren Buffett, 86, who is currently ranked fourth on the Bloomberg index with a net worth of $74.5 billion.

See also: Forbe's 10 Black Billionaires 





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Amazon Founder, Jeff Bezos Replaces Bill Gates As The Richest Man In The World

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