Jeff Bezos is the world's richest person
AOL.COM 10 hrs ago
Amazon's stock rose slightly in early trading Thursday, making CEO Jeff Bezos the richest man in the world.
Shares are up 1.46% at $1,067.93 ahead of Amazon's second quarter earnings, which are set to be released after the bell on Thursday. Because of the move, Bezos surpassed Microsoft's former CEO Bill Gates to become the richest man in the world.
Bezos' wealth is primarily held in shares of Amazon, according to data from Bloomberg. He owns 16.7% of shares outstanding, or about 81 million shares, according to a recent SEC filing.
At the company's current levels, Bezos' stake is worth about $86.11 billion. Bezos also owns an approximately $3 billion stake in his rocket company Blue Origin, and $2.5 billion in "cash and other assets" according to Bloomberg data.