Bill Gates is no more the World’s richest man. Yes you heard it correctly, The world richest man Bill gates, who is popular than any movie superstar has been replaced by someone else. I was also wondered when I first heard this news. Now, Bill Gates has come down to 2nd position. Calm down I know how eager you are to know who has occupied his Place
Bill Gates is No More World Richest Person- Who Replaced Him?
Well, it’s none other than Jeff Bezos, the CEO of Amazon. He has just become the World’s richest man, thanks to the surge in the price of Amazon.com Inc. shares.
Bill Gates has a net worth of $90.7 billion while Jeff Bezos has a net worth of $90.9 billion. This was declared after the shares of Amazon.com saw a 1.6 percent boost. Gates had been leading the list since 2013, but finally, he has found a replacement.
Amazon CEO Jeff Bezos has overtaken Bill Gates and is now the richest person in the world, with a fortune topping $90 billion for the first time ever.
When markets opened on Thursday, Bezos had a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates. Amazon stock opened up 1.6% on Thursday, adding $1.4 billion to Bezos’ net worth. That was enough to put him ahead of Gates, who was last surpassed on Forbes’ real-time rankings for just two days nearly a year ago by Spanish retail giant Amancio Ortega.
Amazon has progressed a lot in various categories especially groceries and apparel and this is the reason it has become a favorite of investors.
The retail giant has been dominating the market with its growth strategy, which has helped the share value shoot up from $237 to $1070.
The total value consists 81 million shares of Amazon, ownership value of “The Washington Post” and company “Blue Origin”, as well as cash that he got from sale of securities.
Do you think Bill Gates will surpass him once again?