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Amazon's Jeff Bezos becomes world's richest person, surpasses Bill Gates

Amazon shares rose 1.3% to $1,065.92 at 10:10 am in New York, giving Bezos a net worth of $90.9 bn

ANI  |  Seattle 

Amazon's Jeff Bezos becomes world's richest person, surpasses Bill Gates

founder on Thursday took away the mantle of world's richest person from

Bezos achieved the feat after a 1 percent pop in the shares of com, which accounts for the vast majority of Bezos' wealth.

The Forbes now estimates Bezos' wealth Amazon's chief executive, at about $90.6 billion, compared with $90 billion for Gates, The New York Times reports.

According to the New York Times, Bezos holds nearly 81 million shares of - almost 17 percent of the company.

Forbes also estimates the value of his other investments - including his ownership of The Washington Post and the rocket company - and cash from the sale of securities as part of its wealth calculations.

Gates has been at the top of the Forbes list of billionaires for 18 out of the last 23 years.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, July 27 2017. 22:38 IST
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