Barely few hours after losing the number one spot of the richest person in the world to Bill Gates, Amazon founder and CEO Jeff Bezos has now reclaimed the number one position.
Although, Jeff Bezos lost the spot on Thursday October 24, after Amazon’s lacklustre Q3 results resulted in him losing nearly $7 billion in stock value. Amazon shares fell 7 per cent in after-hours trading.
He returned to the top position at the end of Friday’s markets. His shares fell by just 1% to $1,760.78, putting his net worth at $109.9 billion. Bill Gates is currently worth $105.8 billion.
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Bezos ended Gates’ 24-year run as the world’s richest man in 2018 and became the first man on earth with a net worth of $160 billion.
