E-commerce giant Amazon’s Founder & CEO Jeff Bezos lost his title as the richest man in the world knocking his fortune down to $103.9 billion because of a 7% fall in shares in after-hours trading and also due to the biggest divorce settlement in history. He was overtaken by Bill Gates, Co-Founder of Microsoft.
Crux of the Matter
Amazon reported a 26% drop in net income in its third quarter, its first profit decline since 2017 resulting into loss of $7 billion in stock value.
As part of divorce settlements in April, Mackenzie Bezos was entitled to Jeff Bezos’ stocks worth around $36 billion.
Microsoft co-founder Bill Gates is currently worth $105.7 billion, thus once again becoming the world’s richest person.
Jeff Bezos had ended Bill Gates’ 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion.
Gates debuted on Forbes first-ever billionaire list in 1987 with a net worth of $1.25 billion whereas Bezos debuted on the Forbes 400 list in 1998 with a net worth of $1.6 billion.
Curiopedia
The World’s Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists. More Info
Curated Coverage
コメント