Battle of the rich. Bill Gates has finally been dethroned by another business mogul.
The founder of Amazon, Jeff Bezos briefly overtook Microsoft’s Bill Gates to become the world’s richest person.
Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night.
According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. Their riches are calculated on the share prices of their respective companies and at the current values Bezos’s stake is twice as big as carmaker Ford.
But the Amazon share price fell back leaving Gates on top, but with less than $1bn separating them.
Bezos – born in Albuquerque, New Mexico, in 1964 – keeps a relatively low profile, but has used some of the wealth he has amassed to buy the Washington Post and invest in space travel through Blue Origin, a company he founded in 2000.
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