Watch Amazon CEO Jeff Bezos Passesis Becomes Richest Person on Earth News Video

27 sec read

Woo.

“Amazon CEO Jeff Bezos briefly became the world’s richest man in Forbes magazine’s tracking of wealth, as stock in his e-commerce company hit an all-time high.

“But overnight, Microsoft founder Bill Gates reclaimed the lead, as Amazon’s stock fell nearly 1 per cent for the day to $US1,046.

“Amazon shares have been trading at a record high.

“They hit $US1,083.31 at about noon on Thursday (local time). According to securities filings, Mr Bezos owns about 80 million shares, or 17 per cent. Those shares were valued at more than $US87 billion at the peak.

“Mr Bezos also owns The Washington Post through a holding company.

“Forbes said Mr Bezos’ net worth was about $US90.6 billion when the market opened on Thursday. Mr Gates had $US90.1 billion.”

Read more at ABC

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