Jeff Bezos is close to losing his title as the world’s richest person to Bill Gates after Amazon’s shares tumbled following the release of the company’s third-quarter earnings on Friday.
Bezos, who owns 57 million shares or around 12 per cent shares in Amazon, lost his net worth by roughly $3 billion after Amazon’s stock fell by around 2 per cent in Friday trading.
According to Forbes’ list of billionaires, Bezos’ current wealth is $109.9 billion, higher than Bill Gates’ $105.8 billion. Bezos took the top spot from the Microsoft Corp. co-founder in October 2017.
Forbes list of top ten billionaires:
1. Jeff Bezos
2. Bill Gates
3. Bernard Arnault & family
4. Warren Buffet
5. Amancio Ortega
6. Mark Zuckerberg
7. Larry Elison
8. Carlos Slim Helu & family
9. Larry Page
10. Sergey Brin
According to the Bloomberg Billionaire Index, Bezos lost around $14 billion this year, mostly due to his divorce settlement with wife Mackenzie Bezos. She received 25 per cent of the couple’s Amazon stock in July.
Meanwhile, Bill Gates gained $17 billion, according to Bloomberg. He owns 1 per cent of Microsoft, whose shares went up by 40 per cent this year. Amazon shares increased by 17 per cent this year.
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