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Jeff Bezos Loses World’s Richest Man Title to Bill Gates

Jeff Bezos Loses World’s Richest Man Title to Bill Gates

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  26 Oct 2019 11:55 AM GMT

Seattle: Amazon founder and CEO Jeff Bezos have lost the title as the world’s richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon’s lackluster Q3 results resulted in Bezos losing nearly $7 billion in stock value.

Amazon shares fell 7 percent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion.

Microsoft co-founder Bill Gates is currently worth $105.7 billion. Bezos ended Gates’ 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion. Gates debuted on Forbes’ first-ever billionaire list in 1987 with a net worth of $1.25 billion. (IANS)

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