Bill Gates is no more the World’s richest man. He has been replaced by someone else;
yes, Bill Gates has come down to the 2nd position and we know you are eager to know who has occupied the 1st place.
Well, it’s none other than Jeff Bezos,
Photo by Michael Shane / The Verge
The founder and CEO of Amazon.com, Jeff Bezos, has overtaken Bill Gates of Microsoft and is now the world's richest man, based on Thursday's stock prices for the corporations that make up the bulk of their wealth.
Forbes magazine, which tracks the world's biggest personal fortunes, said Bezos' net worth is now a bit over $90.9 billion, ahead of Gates, whose wealth was measured at just over $90.7 billion. This was declared after the shares of Amazon.com saw a 1.6 percent boost.
The total value consists 81 million shares of Amazon, ownership value of “The Washington Post” and company “Blue Origin”, as well as cash that he got from sale of securities.
But market capitalizations go up and down, or even continue to go up at different rates, obviously, leading to times like the day when Bezos's net worth jumped $2.9 billion in a single trading session. We'll see whether he holds the title for a few moments or for many years. Predictions?
Do you think Bill Gates will surpass him once again?