AMAZON’S JEFF BEZOS CLOSING IN ON BILL GATES AS WORLD’S RICHEST MAN

Shares of Amazon are are up 3.76% in the pre-market trade, which means that overnight the net-worth of Amazon CEO Jeff Bezos grew by approximately $2.8 billion to $81.5 billion.

The move is in response to Amazon’s huge earnings beat. The retail behemoth reported revenue of $35.71 billion, beating estimates of $35.3 billion. The company also surpassed earnings estimates of non-GAAP earnings per share of $1.07, reporting EPS of $1.48.

Jeff Bezos is the largest shareholder of Amazon, with about 80.9 million shares or 16.93% of total outstanding shares, according to his latest filing on February 16 of this year.

On March 29, Bezos surpassed Amancio Ortega, chairman of Inditex fashion group ($74.1 billion) and Berkshire Hathaway CEO Warren Buffet ($75.5 billion) to become the world’s second richest person.

Bill-Gates-007
Bill Gates – world’s wealthiest man

Now Bezos is on the verge of becoming the wealthiest person in the world. According to the Bloomberg Billionaires Index, Bezos saw his fortune surpass $80 billion for the first time last April.

The only person in the world wealthier than Bezos is Microsoft cofounder Bill Gates, with a net-worth of $87.1 billion. Bezos is just $5.5 billion away from matching Gates.

According to Bloomberg, Bill Gates has been the world’s wealthiest man since 2013.

 

markets.businessinsider.com


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