Jeff Bezos officially surpasses Bill Gates to become the richest person in the world
Amazon's stock price increase helped Bezos overtake Bill Gates for the first time in more than four years in Bloomberg's rankings.
At the end of the week, shares of the e-commerce giant increased by 13% - the strongest in more than 2.5 years thanks to revenue and profit in the third quarter exceeding forecasts. According to the Bloomberg Billionaires Index, the assets of Amazon boss - Jeff Bezos increased by 10.4 billion USD, to 93.8 billion USD. This figure is 5.1 billion USD more than Bill Gates.
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Bezos has added more than $28 billion this year. Photo: Bloomberg |
The e-commerce giant posted a profit of $256 million in the third quarter, up from $252 million in the same period last year. This was also Amazon's 10th consecutive profitable quarter.
Bezos has briefly overtaken Bill Gates in the billionaire rankings this year, but only for a few hours during the session. The Microsoft co-founder has held the title of world's richest person since 2013.
Bezos's fortune has increased by $28.5 billion since the beginning of the year. Meanwhile, Gates has added $6.3 billion, despite donating $4.6 billion in Microsoft stock to the Bill & Melinda Gates Foundation in August.
Since 1996, the Microsoft co-founder has given away nearly 700 million Microsoft shares, $2.9 billion in cash and other assets. Observers estimate Gates would have had about $150 billion if he had not done charity.
According to VNE
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