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Jeff Bezos loses world's richest position to Bill Gates
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Jeff Bezos has just lost his position as the richest person on Earth to Bill Gates.
According to Forbes, the Amazon honcho lost his title during after-hours trading Thursday, October 24th when the company's shares plummeted 7 percent, dropping Bezos' fortune to $103.9 Billion.
Bill Gate's net worth stands at $105.7 billion. The stock market isn't the only reason Jeff is now number 2 and he could still be on top if not for this year's insanely costly divorce with ex-wife MacKenzie, who took a huge chunk of his fortune.
MacKenzie's net worth now stands at $32.7 billion, placing her among the top 20 in the world.
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Jeff Bezos reclaims world’s richest man title, few hours after losing to Bill Gates
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Amazon founder and CEO Jeff Bezos, has reclaimed the World's Richest Man title few hours after losing the spot to Microsoft co-founder Bill Gates.
Bezos who ended Gates' 24-year run as world's richest man in 2018 and became the first man on earth with a net worth of $160 billion, lost the spot on Thursday October 24, 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.
He returned to the top position at the end of Friday’s markets. His shares fell by just 1% to $1,760.78, putting his net worth at $109.9 billion. Bill Gates is currently worth $105.8 billion.
Bezos’ brief slip on Thursday wasn’t entirely due to his Amazon shares falling as he would never have lost the No. 1 spot if he and ex wife, MacKenzie Bezos hadn’t divorced.
49-year-old MacKenzie received a quarter of their Amazon holdings in July. With a net worth of $32.7 billion, she is among the top 20 wealthiest people in the world.
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Jeff Bezos adds $13 Billion to his fortune in just 15 minutes.
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Amazon founder and world’s richest person, Jeff Bezos has raked in $13 Billion to his fortune in just 15 minutes, cementing his position as the world’s richest person further.
After an Amazon news release for the fourth quarter revealed that sales went up 21 percent during the holiday quarter on Thursday, the news sent the stock up by about 12% to $2,100 after-hours trading, adding a swift $12.8 billion to Bezos’ fortune in about 15 minutes.
At the current price, the Amazon founder traded places with Bill Gates for the title of the richest person in the World in recent months. He is now worth $128.9 billion, according to the Bloomberg Billionaires Index.
The late surge Thursday also added more than $90 billion to Amazon’s market value, pushing it above $1 trillion.
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