SAN FRANCISCO: Amazon founder and CEO Jeff Bezos, after briefly losing the top spot as the world’s richest man to Bill Gates, regained the position.
Bezos lost to Microsoft co-founder Bill Gates after Amazon’s lacklustre Q3 results resulted in him losing nearly $7 billion in stock value. Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion.
Though shares of Amazon fell on Friday compared to Thursday’s market close, the drop wasn’t as steep as in after-hours trading.
Bill’s net worth stands at $105.7 billion, meaning Jeff is now looking up for the first time in over a year. The horror.
Gates is just $4.1 billion behind Bezos at number two richest, worth $105.8 billion.
Bezos ended Gates’s 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion.
