Amazon Founder, Jeff Bezos Is No Longer World’s Richest Man, Loses Title To Microsoft’s Bill Gates

October 26, 2019

Amazon founder and CEO, Jeff Bezos has lost the title as the world’s richest man, paving the way for Bill Gates.

Mr Bezos lost about $7 billion in stock value after Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving him down to $103.9 billion.

Microsoft co-founder Bill Gates is currently worth $105.7 billion.

Mr Bezos has been the world’s wealthiest person since 2017, when his net worth soared to $160 billion to end Gates’s 24-year run in the top slot.

The potential change in Bezos’s status is partly tied to his transferring a quarter of his Amazon stake — worth roughly $36 billion — to his ex-wife MacKenzie Bezos under a divorce settlement finalized earlier this year.

The agreement made her one of the 20 richest people in the world with a net worth of $32.7 billion.

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