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Amazon Founder, Jeff Bezos Is No Longer World’s Richest Man, Loses Title To Microsoft’s Bill Gates

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Amazon Founder, Jeff Bezos Is No Longer World's Richest Man, Loses Title To Microsoft's Bill Gates 3

Amazon founder and CEO, Jeff Bezos has lost the title as the world’s richest man, paving the way for Bill Gates.

Mr Bezos lost about $7 billion in stock value after Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving him down to $103.9 billion.

Microsoft co-founder Bill Gates is currently worth $105.7 billion.

Mr Bezos has been the world’s wealthiest person since 2017, when his net worth soared to $160 billion to end Gates’s 24-year run in the top slot.

The potential change in Bezos’s status is partly tied to his transferring a quarter of his Amazon stake — worth roughly $36 billion — to his ex-wife MacKenzie Bezos under a divorce settlement finalized earlier this year.

The agreement made her one of the 20 richest people in the world with a net worth of $32.7 billion.

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  1. World Richest Man, Jeff Bezos Made $13 Billion In Just 15 Minutes, Now Worth $129.5 Billion
  2. Dangote Gained $5.8bn In One Day And His Worth Rose To $16.6bn, Now 64th Richest Man Worldwide
  3. Twitter Accounts Of Bill Gates, Jeff Bezos, Elon Musk, Kanye West And Others Hacked In ‘Bitcoin Scam’
  4. World’s Richest Man, Jeff Bezos Made $13 Billion In A Single Day, He’s Now Worth $189.3 Billion

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1 Comment

1 Comment

  1. Gabriel A. Oladele

    May 15, 2020 at 1:31 am

    Am so happy for the wealthiest families here on this planet Earth in the persons of Jeff Bezos & Bill Gates.
    Indeed they make me feel better about the scripture that says blessed be onto the giver than the receiver.
    Their generosity to mankind is unquantifiable and I plead to use this platform to say a very big THANK YOU SIR’S

    Reply

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