Bill Gates is no longer the worlds richest person, Jeff Bezos is

Amazon logoMicrosoft co-founder and ex-CEO Bill Gates has long been considered to be the richest person in the world. Hes certainly one of the richest men alive right now but he has only held the spot formally since 2013. It appears that he now has to make way for another tech titan to claim the spot from him. Amazon founder and CEO Jeff Bezos is now the richest man on this planet.

Bill Gates had a net worth of around $90 billion at the close of markets yesterday. However, as Bloomberg reports, a surge in Amazons stock price has pushed Bezos to the top of the list. The surge in the companys stock price is due to its earnings report thats due later today.

Jeff Bezos

Bezos was close behind Gates at the close of markets yesterday with a net worth of $89 billion. Amazons stock has surged around $15 this morning while Microsofts shares have declined slightly, the surged pushed Bezos over the $90 billion mark. This has led to a shuffle at the top and if the price holds, Bezos may extend his lead further as the worlds richest man.

Bezos is now the sixth man ever to be considered the worlds richest person over the last three decades. He has finally made it to the very top of the list after almost 20 years have passed since he originally joined the Three Comma Club.

Since the net worth of these tech titans is significantly tied to their holdings in the companies that they started, any shift could bring about a change at the very top. Its not like Bill Gates and Jeff Bezos are both sitting on $90 billion in cash, each.

Source: Ubergizmo

Tags: Amazon

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