Jeff Bezos' $13b day makes him world's richest man, overtaking Bill Gates

Share

Gates's net worth rose by US$5.6 billion, even after he donated US$4.6 billion of Microsoft stock to the Bill & Melinda Gates Foundation in August.

Mr Bezos, 53, who set up Amazon as an online bookstore in 1994, was worth $93.8 billion when markets closed in NY last night, eclipsing Bill Gates, the Microsoft co-founder, who was worth $88.7 billion, according to Bloomberg Billionaires Index.

For Q3, Amazon posted sales of $43.7 billion, up 34% year-over-year, with net income of $256 million (52 cents per share).

More news: ICC probes suspended Pune curator after TV sting operation
More news: Twitter slightly beats on earnings, grows daily users by 14%
More news: Pakistan won't fight America's proxy war in Afghanistan

Bezos is the founder and largest stakeholder in Amazon, and his total net worth is greater than $83 billion, according to the Bloomberg Billionaires Index. Amazon's share price was at $1,096 as of Friday afternoon, boosting Bezos' fortune by $7 billion overnight. His wealth briefly eclipsed that of Gates, the Microsoft Corp.co-founder, on an intraday basis on July 27, but Amazon shares ended that day lower, leaving Bezos at No. 2. Microsoft stock climbed about $6 a share, so Gates added nearly $600 million to his personal wealth.

Amazon CEO Jeff Bezos is now the richest man in the world, and he has the mammoth online retailer he founded to thank for his fortune. More than 200 cities and regions have submitted bids to become the home for HQ2.

Share