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Home » World » Bill Gates overtakes Jeff Bezos to become richest man once again

Bill Gates overtakes Jeff Bezos to become richest man once again

By Newsd
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Bill Gates overtakes Jeff Bezos to become richest man once again
Imaage: Fortune

Amidst dramatic confusion, Jeff Bezos’s coveted title of being the richest man in the world was quite short-lived as Microsoft founder Bill Gates reclaimed the top position once again on Thursday.

Jeff Bezos’s coveted title of being the richest man in the world was quite short-lived as Microsoft founder Bill Gates reclaimed the top position once again on Thursday.

This happened because the Amazon’s stock dipped nearly 1% to $1,046.

On Thursday noon, the e-commerce player’s shares have been trading positively, touching $1,0831.31 Bezos’ 80 million shares in the company were valued at more than $87 billion during the peak.

Forbes reported that as the markets opened on Thursday, Bezos’ net worth was around $90.6 billion, which was $0.5 billion more than Bill Gates.

The magazine added that he would have been the ‘undisputed leader’ if he had not given away his wealth towards philanthropic causes.

As a 77% decline was reported in quarterly profit due to heavy spending, the founders’ ranking plunged heavily.
In the after-market trading, shares of Amazon fell by another 2%.

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