Amazon’s Jeff Bezos  Remerges as World’s Richest Man, Beats Bill Gates

Amazon’s  Jeff Bezos has remerged for the second time this year as World’s richest billionaire and has unseated Bill Gates once again.

It can be recalled that Bezos briefly dethroned Gates earlier on  in July, when his net worth topped $90 billion due to a temporary surge in Amazon’s  stock.

On Friday,Amazon stock jumped 13.5% after the company turned in another incredible earnings report of more than a quarter-billion dollars in profit in three months.

According to the most recent available data from FactSet, Bezos owned nearly 80 million shares in Amazon (AMZN, Tech30) as of August and made more than $10 billion from the one-day stock surge and is now worth well over $90 billion.

Equally, Gates also got a boost as Microsoft (MSFT, Tech30) stock rose 7% and according to FactSet,  he owned 103 million shares as of September.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.