Bezos regains world's richest person title after briefly ceding to Gates
Global Economy
Amazon founder and CEO Jeff Bezos once again becomes the richest person on the planet after briefly ceding his title to Microsoft co-founder Bill Gates, thanks to his Amazon stock.
After the markets closed on Friday, Forbes says Jeff is now worth $109.9 billion, moving him back ahead of Bill and his $105.8 billion net worth.
Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion. While Bill Gates is currently worth $105.7 billion.
Bezos ended Gates' 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion.
Bezos first joined The Forbes 400 list of richest Americans in 1998, one year after Amazon went public, with a net worth of $1.6 billion.
The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history, entitling MacKenzie Bezos to Jeff Bezos' stocks worth around $36 billion.
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