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Jeff Bezos regains the status of richest man as Amazon shares recover



It was a whirlwind day for Jeff Bezos.

The world's best billionaire briefly lost his place as the richest man on Earth to Bill Gates on Friday morning before recovering to regain his title by the end of the day.

The founder of Amazon, which also owns the Washington Post, as well as aerospace company Blue Origin among other stocks, fell to No. 2 after the price of shares of the e-commerce giant fell by 7% in after-hours trading in Thursday after a disappointing earnings report.

This was the company's first quarterly decline in profits since 2017, costing Bezos nearly $ 7 billion, reducing its net worth to $ 103.9 billion. to Bezos to finish the day with a net worth of $ 1

11.1 billion versus Gates's $ 107.5 billion.

The 55-year-old Bezos became the richest man in the world in 2018 with a net worth of $ 160 billion, ending Gates' 24-year unbeaten start. [19659002] For the first time, the head of Amazon joined the Forbes 400 list of richest Americans in 1998, a year after Amazon went public, with a net worth of $ 1.6 billion.

Bezos' brief slip on Thursday was not entirely due to his stock slump on Amazon: He would never have lost No. 1 if he and MacKenzie Bezos had not divorced.

In January, the couple announced their separation, with 49-year-old McKenzie receiving a quarter of his holdings in the Amazon in July. With a net worth of $ 32.7 billion, it is among the top 20 richest people in the world.

Bezoz announced their split to repel news coverage about it – a report that included a disturbingly self-explanatory selfie Bezos aimed at her lover, Lauren Sanchez.

Gates, who made his first Forbes billionaire list in 1987 with a net worth of $ 1.25 billion, stepped down as chairman of Microsoft in 2014, though he remains a board member. [19659002] He is now co-chair of the Bill and Melinda Gates Foundation.

Amazon Shares ended the day 1.1% off at $ 1,761.33, a downside of 4.8% downside was found until Microsoft closed Friday up 0.6% at $ 140.73.


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