Jeff Bezos Becomes World's Richest Person For Second Time, Beats Bill Gates

Jeff-Bezos

Jeff Bezos Becomes World's Richest Person For Second Time, Beats Bill Gates

While Jeff Bezos has added $28.5 billion to his coffers in the year 2017 alone and he is planning a bid to take over Whole Foods Market Inc. Two hours after the stock market opened on Friday, Amazon shares were up 11.9 per cent, on the first day since it announced its third-quarter results at the close of trading on Thursday. His wealth is valued at $90 billion.

Bezos became the richest person in the world for the first time in July as Amazon stock hit an all-time high on July 27, ahead of Amazon's second quarter earnings announcement.

On one hand, Bill Gates has funneled billions of dollars into his charitable foundation, the Bill and Melinda Gates Foundation, which educates women and combats disease in impoverished countries across the globe, among other important causes. Bill Gates have stayed in the list of top 10 billionaires of the world since 1995. However, Gates' Microsoft stock also jumped 7%, which kept him on top of Bezos.

At the close of United States markets on Friday, Mr Bezos had a net worth of US$93.8 billion, US$5.1 billion ahead of Mr Gates on the Bloomberg index, a daily ranking of the world's 500 richest people. Microsoft stock climbed about $6 a share, so Gates added nearly $600 million to his personal wealth. He would be worth about US$150 billion if he hadn't made the donations.

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