scorecardJeff Bezos regains the title of world's richest person
  1. Home
  2. tech
  3. Jeff Bezos regains the title of world's richest person

Jeff Bezos regains the title of world's richest person

Jeff Bezos regains the title of world's richest person
Tech2 min read

Jeff Bezos, 2017

Drew Angerer/Getty Images

  • Jeff Bezos has once again bested Bill Gates to become the richest person in the world.
  • The Amazon CEO got a boost in his wealth from the rise of Amazon's stock after earnings.
  • Check out Amazon's share price live here.

After Amazon's third-quarter earnings report, Jeff Bezos reclaimed his crown as the richest person in the world.

Amazon reported its third-quarter earnings on Friday, and handily beat analysts' estimates for earnings and revenue. The company's shares jumped more than 8% after the report, each share rising by about $79.64 from the previous day's close.

Bezos, as CEO of the company, owns about 81 million shares of Amazon stock according to a recent SEC filing. If you do a bit of math to multiply Bezos' 81 million shares by the increase in the company's stock price, you land with an increase of about $6.44 billion in a single day. It's worth noting that the number of shares Bezos owns could have changed since the filing.

With an extra $6.44 billion, Bezos passes Bill Gates to be the richest person in the world, according to data from Bloomberg. Bezos is worth about $90.6 billion now. Gates was worth about $88 billion as of market close Thursday, according to data from Bloomberg.

Bezos owns a 17% stake in Amazon, according to the SEC filing, but that isn't his only source of wealth. The e-commerce giant also has a $3 billion stake in Blue Origin, his rocket company, and a $250 million stake in the Washington Post, according to Bloomberg.

Bezos' previous stint at the top of the billionaires list came after the company's second-quarter earnings.

To watch Amazon's stock price, and Bezos' wealth, move in real time, click here.

READ MORE ARTICLES ON




Advertisement