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After briefly falling second, Jeff Bezos returns as the richest man in the world



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Sometimes it's hard to take down a jungle. His title as the world's richest man on Thursday, 24 October, after its e-commerce giant reported disappointing third-quarter earnings . Shares fell 7% in after-hours trading, boosting its wealth by – mostly consisting of its nearly 12% stake on Amazon – up to $ 103.9 billion by 8:00 PM ET Microsoft co-founder Bill Gates took on the world's richest person – a title he conveniently owned for 24 years before Bezos took the helm in 2018

But it's New Day. Although Amazon's stock fell on Friday compared to Thursday's market, the decline was not as steep as it was on Thursday afternoon trading. Amazon shares fell 1% to $ 1,760.78 on Friday, bringing Bezos' net worth to $ 109.9 billion – and again in the first place. & Nbsp; Bill Gates is just $ 4.1 billion behind Bezos the number two richest, worth $ 105.8 billion. & Nbsp;

Bezos may lose the crown once again as Amazon continues to invest heavily in day-to-day delivery infrastructure – delivery time, it hopes to become a standard for all Amazon Prime members. & nbsp;

In July, the company reported during its call for second-quarter profits that it had spent more than $ 800 million on a one-day delivery initiative. He did not say how much he spent in the third quarter. But Amazon's third-quarter net income fell 26%. The company also said during a earnings call Thursday that it plans to spend $ 1.5 billion in the fourth quarter alone to expand its transportation and transportation program. & Nbsp; But Gates, who founded Microsoft in 1975, is far less dependent on his own creation. He stepped down as chairman of Microsoft in 2014 and has diversified his assets over the years. Gates owns just over 1% of Microsoft and over the years has invested in a combination of stocks and other assets.

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Amazon CEO and CEO Jeff Bezos briefly lost his title as the richest man in the world on Thursday, October 24th after his e-commerce giant reported disappointing third quarter earnings. % after hours of trading, squeezing out his fortune – consisting mostly of his close 12% stake in Amazo n – up to $ 103.9 billion at 8:00 pm ET Microsoft co-founder Bill Gates took the richest person in the world – a title he had comfortable for 24 years before Bezos took the helm in 2018

But this is a new day, and although Amazon's stock fell on Friday compared to Thursday's market, the decline was not as sharp as it was after Thursday's shopping. Amazon shares fell 1% to $ 1,760.78 on Friday, putting Bezos net worth at $ 109.9 billion – and back at number one Bill Gates is just $ 4.1 billion behind Bezos at number two richest, worth $ 105.8 billion.

It is possible for Bezos to lose the crown once again as Amazon continues to invest heavily in day-to-day delivery infrastructure – a delivery time that hopes to become a standard for all Amazon Prime members.

In July, the company announced during a second-quarter earnings call that it had spent more than $ 800 million on a one-day delivery initiative. He did not say how much he spent in the third quarter. But Amazon's third-quarter net income fell 26%. During a call Thursday, the company also said it plans to spend $ 1.5 billion in the fourth quarter alone to expand its transportation and transportation program. Bezos' wealth depends in large part on the performance of the company he started. But Gates, who founded Microsoft in 1975, is far less dependent on his own creation. He stepped down as chairman of Microsoft in 2014 and has diversified his assets over the years. Gates owns just over 1% of Microsoft and over the years has invested in a combination of stocks and other assets.


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