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Jeff Bezos replaces Gates as world's richest person with $90.6-bn fortune

According to Forbes, the fortune of Amazon's founder reached some $90.6 billion, compared with the $90.1 billion that the online edition of the magazine attributes to Gates

IANS  |  New York 

Jeff Bezos
Amazon CEO Jeff Bezos in San Diego. (Photo: Reuters)

The uptick shares registered on this Friday has directly affected the fortune of its founder, Jeff Bezos, who immediately replaced co-founder as the richest person in the world.

Two hours after the stock market opened on Friday, shares were up 11.9 per cent, on the first day since it announced its third-quarter results at the close of trading on Thursday.

shares had climbed close to 7 per cent at the same time, also as a result of its third-quarter earnings announced on Thursday at Wall Street's closing bell.

But according to Forbes magazine, which closely follows the world's greatest personal fortunes, taking into account, among other aspects, the value of their stock market assets, Bezos surpassed Gates on Friday as the richest person in the world.

According to Forbes, the fortune of Amazon's founder reached some $90.6 billion, compared with the $90.1 billion that the online edition of the magazine attributes to Gates.

This is not the first time that Bezos has outpaced Gates - it previously happened last July 27 when shares hit a historic high, though Gates took back the lead hours later.

has been on the Forbes list of the richest billionaires since 1998, a year after his e-commerce giant went public.

First Published: Sat, October 28 2017. 10:32 IST
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