Amazon's third-quarter earnings report affirms that Amazon C.E.O, Jeff Bezos has just reclaimed his position as the richest person in the world from Bill gates
On Friday, Amazon reported its third-quarter earnings, their shares jumped more than 8%, each share rising by about $79.64 from the previous day's close.
Bezos owns about 81 million shares of Amazon stock according to a recent SEC filing. By multiplying Bezos' 81 million shares acquired from the stock price, you land with an increase of approximately $6.44 billion in a one day.
And just to be clear, that isn't his only source of revenue because he also has a $3 billion stake in Blue Origin, his rocket company, and a $250 million stake in the Washington Post, as once was reported by Bloomberg.
With the addition of $6.44 billion, Bezos exceeds Bill Gates' net worthy to be the richest person in the world, according to data from Bloomberg. Bezos is now worth about $90.6 billion.
As reported by Markets Insider, Bill Gates was worth about $88.5 billion as of market open Friday, according to data from Bloomberg. After Microsoft's post-earnings bump, Gates saw his net worth rise by about $423 million.
